181 Preston Street Timmins, Ontario P4N 3N4
$464,900
Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream (id:50886)
Property Details
MLS® Number | T11998963 |
Property Type | Multi-family |
Parking Space Total | 4 |
Building
Bathroom Total | 1 |
Bedrooms Above Ground | 6 |
Bedrooms Total | 6 |
Amenities | Fireplace(s) |
Basement Development | Partially Finished |
Basement Type | N/a (partially Finished) |
Exterior Finish | Stucco |
Fireplace Present | Yes |
Fireplace Total | 1 |
Foundation Type | Poured Concrete |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 2,000 - 2,500 Ft2 |
Type | Fourplex |
Utility Water | Municipal Water |
Parking
No Garage |
Land
Acreage | No |
Sewer | Sanitary Sewer |
Size Depth | 80 Ft |
Size Frontage | 53 Ft |
Size Irregular | 53 X 80 Ft |
Size Total Text | 53 X 80 Ft|under 1/2 Acre |
Zoning Description | Na-r3 |
Utilities
Cable | Installed |
Sewer | Installed |
https://www.realtor.ca/real-estate/27976935/181-preston-street-timmins
Contact Us
Contact us for more information
Marcus Richard
Salesperson
11 Rea St. N.
Timmins, Ontario P4N 4Z5
(705) 268-2129