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• 136 Third Ave, Timmins, ON P4N 1C5

$710,000 ^{FOR SALE}

Investment

Lot: 30 x 108 ftTotal Area: 4,300 ft²
2023 Taxes: $11,476Maintenance Fees: $4,422

136 Third Ave
Timmins, ON P4N 1C5 | Cochrane

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Turnkey five-unit commercial mixed-use building within the heart of Timmins. Multiple interior offices with long-term professional tenants in the healthcare and legal space. The building also features three residential units and additional storage income! This property boasts an exceptional 8.5% cap rate bringing in over $98,640 annually, well over the 1% rule! The property was recently appraised at $765,000 with an asking price $45,000 under the appraised value! Extensive renovations completed within the last few years including the roof, windows and some mechanical system components. Investors package available upon request.

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Listed By	EXP REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X8328788
Last Updated	Jun 08, 2024

Property Summary

Property Type	Investment More like this: Timmins Investment for Sale
Use	Apartments - 2 to 5 Units
Category	Apartment
PIN	654040706
Legal Description	PCL 706 SEC WAT SRO; LT 362 PL M30S TISDALE S/T RE
Occupancy	Tenant
Possession Date	TBD
Taxes (2023)	$11,476
Tax Type	Annual
Maintenance Fees	$4,422
Directions/Cross Streets	Third Avenue and Birch Street South
Area	Cochrane

Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information

Freestanding	Y
Lot	30 x 108 ft
Total Area	4,300 ft2
Air Conditioning	N
Basement	N
Garage Type	None
Heat Type	Gas Forced Air Open
Gross Income/Sales	$88,440
Hydro Expense	$2,900
Water Expense	$2,900
Heat Expenses	$2,900
Insurance Expense	$5,350
Management Expense	$4,334
Operating Expenses	$35,464
Taxes Expense	$11,476
Other Expenses	$884
Expenses Actual/Estimated	Est
Utilities	Y
Water	Municipal
Lot/Bldg/Unit Code	Lot
Zoning	EA-CG
Seller Property Info Statement	N

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