Added 5 days ago
-
Type: Investment
-
Property Type: Commercial
-
Business Type: Apts-6 To 12 Units
-
Zoning: NA-R3
-
Age: No Data
-
Taxes: 6257
-
MLS®#: T11926438
-
Days on Site: 5 Days
-
Added: Jan 16, 2025 (5 days ago)
-
Updated:
-
Last Checked: 3 hours ago
-
Listed By: ALLOWAY PROPERTY GROUP LTD.
Exceptional 6-plex investment opportunity at 84 Main Street, Timmins. 6.95% CAP and 13% IRR! Detached two-storey multi-residential building featuring six units. Perfectly situated at the intersection of Main and Shamrock, the property provides tenants with convenient access to local amenities, public services, and all the essentials of downtown living. Spanning approximately 5,628 square feet, this freestanding structure offers a blend of functionality and character, ensuring both tenant satisfaction and investor appeal. The building is designed with practical features that enhance its utility and ease of management. An enclosed rear porch provides access to the basement, while a wooden exterior staircase ensures easy entry to the second floor. The side gravel parking lot accommodates parking for all suites. Timmins is a community on the rise, fueled by a dynamic economic landscape and growing real estate market. Recent data highlights a surge in residential sales and increasing property values, a testament to the city's thriving development. Efforts to expand housing options and address supply challenges have positioned Timmins as an attractive destination for investors and residents alike. From a vibrant downtown core to the scenic beauty of Northern Ontario, the city combines opportunity with quality of life, making it an ideal place to invest. This fully occupied building provides immediate rental income, making it a compelling option for investors seeking both stability and growth potential. The property's prime location and tenant-ready condition ensure a seamless addition to any portfolio, while Timmins upward trajectory suggests promising future returns. With its functional design, strategic location, and strong market fundamentals, this property is an unmatched opportunity for those looking to capitalize on a growing real estate market.
Extras
Side gravel parking, and close proximity to essential services. This is your chance to invest in a property that offers both immediate income and long-term potential in a city poised for growth.
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Area: Timmins
Availability Date: Flexible
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Heat Type: Baseboard
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Taxes: $6,257
Taxes Type: Annual
Land
Cross Street: Main St. and Shamroc
Municipality District: Timmins
Parcel Number: 653970920
Lot Depth: 112.57 Feet
Lot Frontage: 50 Feet
Zoning: NA-R3
Commercial Specific
Total Area: 5628.5
Total Area Metric: Sq Ft
Lot Code: Lot
Financial Statement: Y
Roland Michener Secondary School (Elementary)
Elementary: PublicSt Joseph Separate School
Elementary: CatholicÉcole catholique St-Jude
Elementary: CatholicSchumacher Public School
Elementary: PublicGolden Avenue Public School
Elementary: PublicBertha Shaw Public School
Elementary: PublicNCDSB Access Center Secondary School
Secondary: CatholicPACE Alternative & Continuing Education
Secondary: PublicÉcole secondaire Cochrane
Secondary: PublicRoland Michener Secondary School
Secondary: PublicO'Gorman High School
Secondary: CatholicÉcole secondaire catholique Theriault
Secondary: Catholic