$429,900
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Introducing a fully leased and well-maintained investment property in the high-density area of Downtown Timmins. This property is occupied by AAA tenants, each with long-term leases and options to extend. The units include an accounting firm, a tattoo shop, and a basement rented to a packaging/stocking business for storage, all with separate entrances and separate hydro meters. With an impressive cap rate of over7% and an annual rent of $48,000, this property offers a solid return on investment. The cooperative tenants make management easy, even from a distance, ensuring a hassle-free ownership experience. Financials are available upon request.
Property Info
MLS®:
X8445192
Listing Courtesy of
HOMELIFE/MIRACLE REALTY LTD
Total Bedrooms
0
Total Bathrooms
0
Basement
Y
Floor Space
0 sq.ft.
Lot Size
3240 sq.ft.
Style
other
Last Updated
2024-06-15
Property Type
Investment
Listed Price
$429,900
Unit Pricing
$429,900/sq.ft.
Strata Fee
$0.00
Tax Estimate
$6,952/Year
Interior Features
More Details
Sold History
MAP & Nearby Facilities
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Nearby Facilities
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School Catchments
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