175 Elm Street
TNE - Central, Timmins, P4N 6A6
FOR SALE
$299,900
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3
BEDROOMS 3
BATHROOMS 3
KITCHENS 7
ROOMS T13645124
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Property Description
Excellent Investment Opportunity! This spacious triplex offers exceptional income potential and plenty of on-site parking. The main floor features a well-maintained 3-bedroom unit currently rented for $1,700/month, while the upper level offers a 2-bedroom unit rented for $1,400/month. The lower level contains a 3-bedroom unit with excellent potential. With a little TLC, it could be transformed into a beautiful 2-bedroom apartment with an estimated rental income of approximately $1,800/month. The property also includes a detached two-car garage, providing additional storage or tenant parking. A fantastic opportunity for investors looking to add a solid income-producing property with value-add potential to their portfolio. MPac code 333, Hydro $3526 per year, gas $ 3370 per year and water is om a meter and sewer is $1480 per year
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Property Features
None
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Property Details
Address
175 Elm Street
Community
City
Postal Code
P4N 6A6
Property Type
Triplex, Triplex
Zoning
NA-R3
Lot Size
52' x 125'
Taxes
$3,688 (2025
Basement
Partially Finished
Heat Type
Water
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
Detached
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Listing contracted with Realty Networks Inc.
This well-maintained property offers three bright and inviting units - two functional 1-bedroom apartments on the main floor, and a spacious 3-bedroom unit on the lower level, perfect for a larger family or owner occupancy. Each unit has its own hydro meter, making utility management simple and efficient. The home sits on a good-sized lot with a fenced yard and a 12x16 shed for extra storage. Updates include a roof (2014) and a boiler (approx. 10 years old), providing peace of mind for years to come. With ample parking and solid rental potential, this triplex is a great addition to any investor's portfolio or an ideal option for live-in owners seeking income support.
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