126 Seventh Avenue
TNE - Central, Timmins, P4N 5N9
FOR SALE
$375,000
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4 + 2
BEDROOMS5
BATHROOMS4 + 1
KITCHENS18 + 3
ROOMST12766692
MLSIDContact Us
Property Description
This 5-plex is in very good condition and features a unit mix of two 2-bedroom units, two 1-bedroom units, and one bachelor unit. Current monthly rents for the occupied units are $1,500, $950, $717.50, and $691.88. The basement 2-bed unit is currently vacant and requires renovations. Once renovated, it has the potential market rent of $1,500/month. This property offers a projected 10.09% Cap Rate. This return factors in the basement's potential income and accounts for an 8% property management fee, 5% vacancy allowance, and 5% for maintenance/repairs, alongside all annual taxes, insurance, and utilities.This property is being sold "as-is". Come and have a look!
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Property Features
None
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Property Details
Address
126 Seventh Avenue
Community
City
Postal Code
P4N 5N9
Property Type
Multiplex, Multiplex
Days On Market
19
Zoning
NA-R3
Lot Size
30' x 52'
Taxes
$3,994 (2025
Basement
Finished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Royal Lepage Northern Realty Leaders
Great Investment Opportunity! This solid income property on Tamarack Street features four units-one 3-bedroom, one 2-bedroom, and two 1-bedroom apartments-making it perfect for investors seeking reliable rental income. With three units already occupied providing immediate revenue and one vacant unit ready for your personal touch to boost returns, the potential here is huge! Located in a desirable area with strong rental demand, this property offers both stability and opportunity-an exciting addition to any investment portfolio!
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