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. |
Extras: Incredible return on investment! Motivated sellers are offering this outstanding opportunity, so don't miss out. Please be discreet-do not visit directly or speak to the employees. A virtual tour is available for your convenience. |
Price | $429,900 |
Taxes: | $6952.44 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 184 Third Ave , Timmins, P4N 1C8, Ontario |
Postal Code: | P4N 1C8 |
Province/State: | Ontario |
Legal Description: | Pcl 1763 Sec Wat Sro; Lt 504 Pl M30S Tis |
Lot Size: | 30.00 x 108.00 (Feet) |
Directions/Cross Streets: | Cedar St And Third Ave |
Category: | Retail |
Building Percentage: | Y |
Total Area: | 3120.00 |
Total Area Code: | Sq Ft |
Retail Area: | 3120 |
Retail Area Code: | Sq Ft |
Franchise: | N |
Days Open: | 5 |
Sprinklers: | Y |
Heat Type: | Gas Hot Water |
Central Air Conditioning: | Part |
Sewers: | San+Storm |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
HOMELIFE/MIRACLE REALTY LTD |
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Type: | Com - Investment |
Area: | Cochrane |
Municipality: | Timmins |
Lot Size: | 30.00 x 108.00(Feet) |
Tax: | $6,952.44 |