25 FATHER COSTELLO DRIVE
Timmins (SCH - Main Area), Ontario
MLS® T14091358
$550,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- T14091358
- Bedrooms
- 9
- Bathrooms
- 5
- Year built
- —
1 / 7Listing description
This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants.
Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.
5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%.
Rare, renovated, and revenue-ready - don't miss this!!!!!
Property summary
- MLS® number
- T14091358
- Property type
- Multi-family
- Building type
- Other
- Land size
- 41.5 x 79 FT
- Annual property taxes
- $2,520.00
- Parking
- 2 spaces · No Garage
- Days on market
- 15 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- Unfinished, N/A
- Appliances
- Washer, Refrigerator, Water meter, Stove, Dryer
- Exterior features
- Steel, Brick
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $550,000 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 RIGHT AT HOME REALTY, RICHMOND HILL.
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.