$539,000
( $95.76Per Sq Foot )
 $2,893 est/mo Sourced by Back At You

84 Main Street , Timmins, ON P0N 1H0

Timmins, ON P0N 1H0

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Description

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.

Details

MLS#T11926438
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site24
Listing Provided ByALLOWAY PROPERTY GROUP LTD. | Not Provided

Features

SQ Feet5,628
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 1 hour ago
StateON
CountyCochrane
CityTimmins
Zip CodeP0N 1H0
AreaSP Main Area
Listing VS Median (in P0N 1H0)
Price:
$539,000
low | high
Med:
$539,000
50% of Average
SqFt:
5,628
low | high
Med:
5,628
50% of Average
$ / SqFt:
$96
low | high
Med:
$96
50% of Average
On Site:
24
low | high
Med:
24.000000
100% of Average
Sourced by Back At You
Listing Updated: February 5, 2025 at 12:26:50 PM PST