177 Lakeshore Rd
Timmins, P4N7A1
UNAVAILABLE
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Apartment
CATEGORY7,000 Sq Ft
TOTAL AREAX5576557
MLSIDContact Us
Property Description
Vacant 12-Unit Multi Residential Investment In Timmins On. (8X1Br, 2X2Br, 1X3 Br) Located On The Lake & Next To The Hospital. Suffered A Small Fire In Winter 2021/2022. This Offering Is Half Block, Half Frame. Fire Damaged Units Are Two 2-Bedroom Units, With Three Additional Units Having Smoke & Water Damage. Local Appraisals To Fully Repair All Suites Estimate $500,000. Valuation Of Completed Property Is Estimated To Be $1.5M At 5% Cap. There Are Three Addtl Storage Sheds 15X20 Each, Not Accounted For In Pro Formas.
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Extras
Option Of 1 Year Vtb 1st Or 2nd Position To Qualified Applicants Only.
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
Na R2
Total Area
7,000 Sq Ft
Lot Size
50' x 140'
Taxes
$16,959 (2021)
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Listing contracted with Realawstate Realty Brokerage, Brokerage
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