107 Father Costello Drive, Timmins (SCH - Main Area), Ontario, P0N1G0



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$399,000
Timmins
This multi-family property in Timmins is for sale.
Great investment opportunity with this fourplex offering immediate income and value-add potential. Three units are currently tenanted, with one unit requiring some work-perfect for increasing future revenue. The property features a mix of one and two bedroom units, all with high ceilings that create a bright and spacious feel. Several updates were completed in 2023, including flooring and some windows. All appliances are included. Located on a bus route and close to an arena and a school, this property also offers street parking and an open backyard, completing this solid income opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 187 days on market, against an average age of 61 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 103.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 6-bed multi-family in Timmins (SCH - Main Area) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $399,000, about 4.4× the local median household income of $90,000.
Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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