126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9
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For Sale

$375,000

126 SEVENTH AVENUE , Timmins (TNE - Central), Ontario P4N5N9

4+2 Beds 5 Baths

Remarks

This 5-plex is in very good condition and features a unit mix of two 2-bedroom units, two 1-bedroom units, and one bachelor unit. Current monthly rents for the occupied units are $1,500, $950, $717.50, and $691.88. The basement 2-bed unit is currently vacant and requires renovations. Once renovated, it has the potential market rent of $1,500/month. This property offers a projected 10.09% Cap Rate. This return factors in the basement's potential income and accounts for an 8% property management fee, 5% vacancy allowance, and 5% for maintenance/repairs, alongside all annual taxes, insurance, and utilities.This property is being sold "as-is". Come and have a look! (id:7525)

Property Summary

  • Neighbourhood: TNE - Central
  • Lot Frontage: 30 Feet
  • Lot Depth: 52 Feet
  • Lot Size: 30 x 52 FT
  • No. of Parking Spaces: 3
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Bedrooms: 4+2
  • Bathrooms (Total): 5
  • Zoning: NA-R3

Property Features:

  • Parking Type:
    No Garage
  • Property Type:
    Multi-family
  • Sewer:
    Sanitary sewer
  • Utility Type:
    Cable - Available
  • Utility Type:
    Sewer - Installed
  • Utility Type:
    Hydro - Installed

Building Features:

  • Appliances:
    Stove , Refrigerator
  • Basement Development:
    Finished
  • Basement Type:
    N/A
  • Building Type:
    Other
  • Cooling Type:
    None
  • Exterior Finish:
    Vinyl siding
  • Foundation Type:
    Poured Concrete
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Radiant heat
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Neighbourhood Info
Agent

Nathan Boulet

Sales Representative

Phone: 705.360.7000

Cell: 705.221.6403

Home Fax: 705.360.7770

Get More Info

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