Timmins Commercial Real Estate for Sale
2 Listings
Timmins Real Estate Statistics
Timmins real estate average sold price in the last 30 days (January 21 - February 19) was $274,644, which is $2,934 (1.1%) lower than the average price of $277,578 in the previous 30 day period (December 22 - January 20), and $35,356 (12.9%) down from the same period 1 year ago ($310,000). Timmins real estate prices over the last 30 days are also $49,349 (18.0%) higher than the average selling price of $225,295 over the past year.
Timmins average sold price for homes was $274,644 in the last 30 days (January 21 - February 19), which is $3,403 (1.2%) down from the average home price of $278,047 in the previous 30 day period (December 22 - January 20), and $35,356 (12.9%) lower than the same period 1 year ago ($310,000). In the last 30 days Timmins the average home price was $49,111 (17.9%) higher than the average selling price of $225,533 over the last 12 months.
Exceptional 6-plex investment opportunity at 84 Main Street, Timmins. 6.95% CAP and 13% IRR! Detached two-storey multi-residential building featuring six units. Perfectly situated at the intersection of Main and Shamrock, the property provides tenants with convenient access to local amenities, public services, and all the essentials of downtown living. Spanning approximately 5,628 square feet, this freestanding structure offers a blend of functionality and character, ensuring both tenant satisfaction and investor appeal. The building is designed with practical features that enhance its utility and ease of management. An enclosed rear porch provides access to the basement, while a wooden exterior staircase ensures easy entry to the second floor. The side gravel parking lot accommodates parking for all suites. Timmins is a community on the rise, fueled by a dynamic economic landscape and growing real estate market. Recent data highlights a surge in residential sales and increasing property values, a testament to the city's thriving development. Efforts to expand housing options and address supply challenges have positioned Timmins as an attractive destination for investors and residents alike. From a vibrant downtown core to the scenic beauty of Northern Ontario, the city combines opportunity with quality of life, making it an ideal place to invest. This fully occupied building provides immediate rental income, making it a compelling option for investors seeking both stability and growth potential. **EXTRAS** Side gravel parking, and close proximity to essential services. This is your chance to invest in a property that offers both immediate income and long-term potential in a city poised for growth.
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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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