60 Dwyer Ave

Timmins, P0N1G0
For Sale
$515,000
60 Dwyer Ave, Timmins
Retail
CATEGORY
6,134 Sq Ft
TOTAL AREA
T11997375
MLSID
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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!
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
Listing contracted with Royal Lepage Real Estate Services Ltd.
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