60 Dwyer Avenue, Timmins | Image 1

60 Dwyer Avenue

Timmins

  • Commercial

$515,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Commercial NA-CN

  • Age: 51-99 years

  • Taxes: 8941.35

  • MLS®#: X8014648

  • Days on Site: 75 Days

  • Added: Jan 22, 2024 (3 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity!

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Retail

  • Age: 51-99

  • Area: Timmins

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: Plan M6T Lots 131 And 132 PCLS 695 And 3253WT

  • Taxes: $8,941

  • Taxes Type: Annual

Land

  • Cross Street: Lion Crest Lane And

  • Municipality District: Timmins

  • Parcel Number: 654070216

  • Sewer: San+Storm

  • Lot Depth: 97.05 Feet

  • Lot Frontage: 62.2 Feet

  • Zoning: Commercial NA-CN

Commercial Specific

  • Rail: N

  • Retail Area: 3022

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 6133.5

  • Total Area Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: N

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Building Percent: 49

  • Soil Test: N

  • Financial Statement: N

Map of 60 Dwyer Avenue, Timmins
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184 Third Avenue, Timmins | MLS: X8088030
For Sale
2 months ago
$460,000
  • 0 bath
  • 0 bed

184 Third Avenue, Timmins, Ontario • P4N 1C8 • Timmins