$515,000^{FOR SALE}

Investment

Lot: 62.2 x 97.05 ftTotal Area: 6,133.5 ft²
2023 Taxes: $8,941.35

60 Dwyer Ave
Timmins, ON P0N 1G0 | Cochrane

This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity!

Listed By	ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X8014648
Last Updated	Jan 24, 2024

Property Summary

Property Type	Investment More like this: Timmins Investment for Sale
Category	Retail
PIN	654070216
Legal Description	Plan M6T Lots 131 And 132 PCLS 695 And 3253WT
Occupancy	Tenant
Possession Date	TBA
Taxes (2023)	$8,941.35
Tax Type	Annual
Directions/Cross Streets	Lion Crest Lane And Grant St
Area	Cochrane

Price History

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Detailed Information

Freestanding	Y
Lot	62.2 x 97.05 ft
Retail Area	3,022 ft²
Total Area	6,133.5 ft²
Approximate Age	51-99
Elevator	None
Air Conditioning	Y
Basement	N
Chattels	N
Garage Type	Outside/Surface
Heat Type	Gas Forced Air Closd
Financial Statement	N
% Building	49
Outside Storage	N
Soil Test	N
Sprinklers	Y
Sewers	San+Storm
Utilities	A
Water	Municipal
Crane	N
Rail	N
Survey	N
Lot/Bldg/Unit Code	Lot
Zoning	Commercial NA-CN NA-R3
Seller Property Info Statement	N

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60 Dwyer Ave, Timmins, ON P0N 1G0

Investment

60 Dwyer Ave Timmins, ON P0N 1G0 | Cochrane

60 Dwyer Ave
Timmins, ON P0N 1G0 | Cochrane