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Last Updated : 625 Days ago
84 Main St, Timmins, Ontario,

84 Main St, Timmins MLS Number: T11926438

Timmins, Cochrane, ON, P0N 1H0

$499,000

Status: OFF MARKET

  • Property Type: Commercial (Investment)
  • Property Taxes : $6257.00 (Tax Year:2024)
  • Listing Courtesy : Alloway Property Group Ltd.

84 Main St Property 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. **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.

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84 Main St Property Facts

Property Type :Commercial
MLS Number :T11926438
Listing Type :Sale
Possession Date :
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Last Updated :25 Feb, 2025 (625 Days ago)
Source :TRREB
Area :Cochrane
Postal Code : P0N 1H0

84 Main St Property Price & Tax Insights

Price : $499,000
Property Taxes :$6257.00
Tax Year :2024

84 Main St, Timmins Property Details

Cross Street :Main St. and Shamrock Ave

84 Main St, Timmins - Price History

2025-02

25 Feb, 2025

TREB #T11926438

Available

$499000.0

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