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Real Estate Company
314 Birch Street N, Timmins, ON P4N 6S6
- $447,000
- 7
- BD
- 4
- BA
- 1,100
- SqFt
- List Price
- $447,000
- MLS#
- T13863352
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 1100-1500
- Province
- ON
- Municipality
- Timmins
- Area
- Cochrane
- Neighborhood
- TNE - Central
- Subdivision
- Birch St N & Ninth Ave
Property Description
Well-maintained 4-unit multiplex on a large lot with laneway access and a detached garage.Features two 2-bedroom units on the main floor, one 2-bedroom and one 1-bedroom unit in thebasement. All units are occupied with tenants paying rent on time. Recent updates include newdoor seals throughout, plus a new door, windows, flooring, fridge, and paint in Unit 4 (Feb.2023). Awning installed for Unit 3 in Nov. 2023. Baseboard heating; hydro and heat paid bytenants. Gross annual income of approximately $49,020 an attractive 7% to 8% cap rate,including garage rental. Great income-producing investment opportunity
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Additional Information
- Taxes
- $5,244
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- None
- Kitchens
- 4
- Exterior
- Vinyl Siding
- Garage Spaces
- 1
- Garage Type
- Attached
- Pool
- None
- Parking Spaces
- 4
Mortgage Calculator
Listing courtesy of GLOBAL BRICKS REALTY.