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. **** EXTRAS **** Side gravel parking, and close proximity to essential services. This is your chance to invest in a property that offers both immediate income and long-term potential in a city poised for growth. Contact for Financials. (id:56069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | T11926438 |
| Property Type | Multi-family |
| Community Name | SP - Main Area |
| Heating Type | Baseboard Heaters |
| Size Interior | 5,629 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 112 Ft ,6 In |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 112.57 Ft |
| Size Total Text | 50 X 112.57 Ft |
| Zoning Description | Na-r3 |
https://www.realtor.ca/real-estate/27809016/84-main-street-timmins-sp-main-area-sp-main-area
Contact us for more information
Evan Schwartz
Salesperson
(416) 443-9000
(416) 443-9005
allowayproperty.com/
Spencer Grimes
Salesperson
(416) 443-9000
(416) 443-9005
allowayproperty.com/
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