60 Dwyer Ave
Timmins, P0N1G0
For Sale
$515,000

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Retail
CATEGORY6,134 Sq Ft
TOTAL AREAT11997375
MLSIDContact Us
Property Description
This property presents a remarkable opportunity for investors, featuring a fully leased and well-maintained space occupied by a AAA tenant. With a double net rent of $31,000 per year and a long-term lease that extends until April 30th, 2027, along with options for multiple renewals, it stands as an appealing choice. The property's approx 6% CAP rate promises an excellent return and is strategically situated in a high-density area. Additionally, the lease agreement includes a base rent escalation. The Seller is highly motivated to sell and is excited to showcase this valuable opportunity, so be sure not to miss out!
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Property Details
Category
Retail
Zoning
Commercial NA-R3, NA-CN
Total Area
6,134 Sq Ft
Retail Area
3,022 Sq Ft
Lot Size
63' x 97'
Taxes
$9,164 (2024)
Air Conditioning
Yes
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Listing contracted with Royal Lepage Real Estate Services Ltd.
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