Introducing a fully leased and well-maintained investment property in the high-density area of Downtown Timmins. This property is occupied by AAA tenants, each with long-term leases and options to extend. The units include an accounting firm, a tattoo shop, and a basement rented to a packaging/stocking business for storage, all with separate entrances and separate hydro meters. With an impressive cap rate of over7% and an annual rent of $48,000, this property offers a solid return on investment. The cooperative tenants make management easy, even from a distance, ensuring a hassle-free ownership experience. Financials are available upon request.
Extras
Incredible return on investment! Motivated sellers are offering this outstanding opportunity, so don't miss out. Please be discreet-do not visit directly or speak to the employees. A virtual tour is available for your convenience.
Pcl 1763 Sec Wat Sro; Lt 504 Pl M30S Tisdale Except C28656 S/T Reservation In S3231; City Of Timmins
Occupancy
Tenant
Possession Date
TBA
Taxes (2024)
$6,952.44
Tax Type
Annual
Directions/Cross Streets
Cedar St And Third Ave
Area
Cochrane
Price History
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Detailed Information
Freestanding
Y
Lot
30 x 108 ft
Retail Area
3,120 ft2
Total Area
3,120 ft2
Air Conditioning
Part
Basement
Y
Garage Type
None
Days Open
5
Heat Type
Gas Hot Water
Sprinklers
Y
Sewers
San+Storm
Utilities
A
Water
Municipal
Lot/Bldg/Unit Code
Building
Zoning
General Commercial (EA-CG)
Seller Property Info Statement
N
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