25 Father Costello Drive
SCH - Main Area, Timmins, P0N 1G0
FOR SALE
$550,000
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9
BEDROOMS 5
BATHROOMS 5
KITCHENS 9
ROOMS T14091358
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Property Description
This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!!
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Property Features
None, None
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Property Details
Address
25 Father Costello Drive
Community
City
Postal Code
P0N 1G0
Property Type
Multiplex, Multiplex
Zoning
EA-CG
Lot Size
42' x 79'
Acreage
3,196.9 Feet
Taxes
$2,520 (2026
Basement
Unfinished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Right At Home Realty
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