314 Birch Street N Timmins, Ontario P4N 6S6

7 Bedroom 4 Bathroom 1,100 - 1,500 sqft
None Baseboard Heaters

$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:47351)

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 Dimensions

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