314 Birch Street N Timmins, Ontario P4N 6S6

$447,000

Well-maintained 4-unit multiplex on a large lot with laneway access and a detached garage.Features two 2-bedroom units on the main floor, one 2-bedroom and one 1-bedroom unit in thebasement. All units are occupied with tenants paying rent on time. Recent updates include newdoor seals throughout, plus a new door, windows, flooring, fridge, and paint in Unit 4 (Feb.2023). Awning installed for Unit 3 in Nov. 2023. Baseboard heating; hydro and heat paid bytenants. Gross annual income of approximately $49,020 an attractive 7% to 8% cap rate,including garage rental. Great income-producing investment opportunity (id:55460)

Property Details

MLS® Number	T13863352
Property Type	Multi-family
Community Name	TNE - Central
Equipment Type	Water Heater
Parking Space Total	4
Rental Equipment Type	Water Heater

Building

Bathroom Total	4
Bedrooms Above Ground	4
Bedrooms Below Ground	3
Bedrooms Total	7
Amenities	Separate Electricity Meters
Basement Features	Apartment In Basement, Separate Entrance
Basement Type	N/a, N/a
Cooling Type	None
Exterior Finish	Vinyl Siding
Foundation Type	Brick
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	1,100 - 1,500 Sqft
Type	Other
Utility Water	Municipal Water

Parking

Attached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	112 Ft ,6 In
Size Frontage	60 Ft
Size Irregular	60 X 112.5 Ft ; 60.01 X 112.50
Size Total Text	60 X 112.5 Ft ; 60.01 X 112.50
Zoning Description	Na-r3

Rooms

Level	Type	Length	Width	Dimensions

https://www.realtor.ca/real-estate/30366324/314-birch-street-n-timmins-tne-central-tne-central