$550,000

For sale

69 Croatia Avenue, Timmins (SCH - Main Area), Ontario, P0N1G0

5 bd3 ba1,750 ft²Lot size 31 × 90 ft (2,790 sq ft)

Listed by REVEL REALTY INC.

59 Croatia Avenue, Timmins (SCH - Main Area), Ontario, P0N1G0

For sale

14 days ago

$130K

59 Croatia Avenue, Timmins (SCH - Main Area), Ontario, P0N1G0

4 bd2 ba1,300 ft²Lot size 41 × 45 ft (1,845 sq ft)

Listed by REALTY NETWORKS INC.

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

For sale

187 days ago

$399K

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

6 bd4 baLot size 30 × 112 ft (3,360 sq ft)

Listed by REVEL REALTY INC.

Investment analysis

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$550,000

Timmins

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Description

This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!! (id:66096)

Property Details

MLS®: T14091358
Property Type: Multi-family
Zoning: EA-CG
Bedrooms: 9
Beds (above / below): 9 above · 0 below
Bathrooms: 5
Half Baths: 1
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 42 × 79 ft (3,279 sq ft)
Frontage: 42 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Radiant heat, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $2,520/yr
Listed: 17 days ago

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer
Foundation: Block
Exterior: Steel, Brick
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Timmins (SCH - Main Area) listings, avg age

61d

Price / ft²

$314

List price

$550K

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.

Area context

Neighbourhood profile (P0N)

This home lists at $550,000, about 6.1× the local median household income of $90,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $90,000
Population: 9,435
Median age: 40
Owner / renter: 77% / 23%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0N)

$550,000· $314/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$210/mo

Total monthly$3,093

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator

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Neighbourhood profile (P0N)

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