314 BIRCH STREET N
Timmins (TNE - Central), Ontario
MLS® T13863352
$447,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- T13863352
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- —
1 / 4Listing 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
Property summary
- MLS® number
- T13863352
- Property type
- Multi-family
- Building type
- Other
- Land size
- 60 x 112.5 FT ; 60.01 x 112.50
- Annual property taxes
- $5,244.19
- Parking
- 4 spaces · Attached Garage, Garage
- Days on market
- 5 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Basement
- Apartment in basement, Separate entrance, N/A, N/A
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $447,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of GLOBAL BRICKS REALTY, MISSISSAUGA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.