68 Father Costello Drive
SCH - Main Area, Timmins, P0N 1G0
FOR SALE
$349,900
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5
BEDROOMS 3
BATHROOMS 3
KITCHENS 14
ROOMS T13455878
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Property Description
This fully tenanted multi-family property offers a fantastic investment opportunity with two houses on a single lot. The front house contains two units, featuring a three-bedroom apartment (Unit A) rented at $1,993 per month + utilities, and a one-bedroom apartment (Unit B) rented at $750.90 per month + utilities. The back house consists of a single one-bedroom apartment (Unit C) and is rented at $1,422 per month + utilities. 2025 upgrades include a brand-new roof on both houses and full interior paint and refurbishment in Units A and C. A zoning compliance letter and fire retrofit certificate are available.The monthly total rent is $4,166, which is more than the 1% rule. This turn-key property is at a 8.79% Cap Rate. Come and have a look!
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Property Features
None
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Property Details
Address
68 Father Costello Drive
Community
City
Postal Code
P0N 1G0
Property Type
Multiplex, Multiplex
Zoning
NA-R3
Lot Size
30' x 90'
Taxes
$2,063 (2026
Basement
Crawl Space
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Royal Lepage Northern Realty Leaders
Looking for an investment property? Maybe a property you can put the whole family in together? Then come have a look at this beautiful triplex. The 2 Storey Front House features a 2 bedroom newly renovated main floor with full access to the unfinished basement with laundry hook ups. The Second Floor is a 3 Bedroom Unit newly renovated (and presently empty) also has laundry hook ups. The Back House is a 1 Bedroom stand alone bungalow with laundry hook ups. The property is truly beautiful. There is a nice back yard with an apple tree and the property backs onto a wooded area. There has been many updates done to this property. This is one you don't want to miss out on. You can either rent them all out to bring in an income for yourself or you can move into one of the units or back house and rent the other two and have the rents pay your expenses. The property is located close to schools, parks and wooded area. Put this one on your shopping list!!
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