388 PINE STREET S
Timmins (TS - SE), Ontario
MLS® T13039758
$199,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- T13039758
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- —
1 / 15Listing description
This spacious 6-bedroom, 2-bathroom duplex in downtown Timmins offers a great investment opportunity with long-term tenants in place. The property features two separate units, each with 3 bedrooms, its own kitchen, bathroom and laundry, providing consistent rental income. The main floor is currently rented at $975.
00 per month + hydro and the upper floor is currently rented at $1,000. 00 per month + hydro with the landlord paying the heat ($2,159. 49/year).
While the duplex may require some updates and maintenance, it is ideally located close to downtown amenities, shops, and transit, ensuring easy access for tenants. This property also features an unfinished basement and attached storage room. With stable occupancy and potential for future improvements, this property is perfect for investors seeking a reliable income stream and future growth.
This property also has the potential to host another unit, upon city approval.
Property summary
- MLS® number
- T13039758
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 30 x 114 FT
- Annual property taxes
- $3,097.42
- Parking
- 3 spaces · No Garage
- Days on market
- 124 days
Features & details
- Heating
- Natural gas
- Cooling
- None
- Basement
- Unfinished, N/A
- Exterior features
- Vinyl siding, Brick Facing
What would this home cost you?
Based on the $199,900 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 REVEL REALTY INC., Timmins.
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.