60 Dwyer Avenue

Timmins, P0N 1G0
FOR SALE
$515,000
60 Dwyer Avenue, Timmins
60 Dwyer Avenue
60 Dwyer Avenue
Investment
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
Address
60 Dwyer Avenue
Postal Code
P0N 1G0
Property Type
Investment, Investment
Use
Retail
Zoning
Commercial NA-R3, NA-CN
Lot Size
63' x 97'
Total Area
6,134 Sq Ft
Retail Area
3,022 Sq Ft
Taxes
$9,164 (2024
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
Outside/Surface
Listing contracted with Royal Lepage Real Estate Services Ltd.
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