$155,000

For sale

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261 North Elm Street North, Timmins (TNE - Central) - Multi-family for Sale

261 North Elm Street North, Timmins (TNE - Central), Ontario, P4N6B1

4 beds2 baths3 parking ft²

314 Birch Street North, Timmins (TNE - Central), Ontario, P4N6S6

7 bd4 ba4 pk1,300 ft²Lot size 60 × 113 ft (6,750 sq ft)

Listed by GLOBAL BRICKS REALTY

152 Fifth Avenue, Timmins (TNE - Central), Ontario, P4N5K9

For sale

145 days ago

$739K

152 Fifth Avenue, Timmins (TNE - Central), Ontario, P4N5K9

9 bd8 ba4 pk4,250 ft²Lot size 30 × 120 ft (3,600 sq ft)

Listed by REALTY NETWORKS INC.

Investment analysis

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$155,000

Timmins

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Description

Attention all investors!!! Fresh on the market!!! sweet 2-unit property up for grabs, and priced to sell:) Both units have two bedrooms and one full bath. Main floor unit is well maintained, basement units just needs a little TLC, do not hesitate, a deal like this will not last (id:66096)

Property Details

MLS®: T13841818
Property Type: Multi-family
Zoning: NA-R3
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 30 × 90 ft (2,703 sq ft)
Frontage: 30 ft
Storeys: 1
Basement: Apartment in basement, N/A
Heating: Forced air, Electric, Natural gas, Other
Cooling: None
Garage: No Garage
Property Tax: $2,776/yr
Listed: 36 days ago

Market Timing

Days on market

36d

Timmins (TNE - Central) listings, avg age

98d

Price / ft²

$172

List price

$155K

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 (P4N)

This home lists at $155,000, about 2.1× the local median household income of $73,500.

Carrying it typically needs a household income of about $30,277 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $73,500
Population: 24,098
Median age: 42.8
Owner / renter: 61% / 39%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P4N)

$155,000· $172/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $7,750

Min 5%50%

Mortgage payment$816/mo

↳ CMHC premium ($5,890 capitalized)

Property tax (est.)$231/mo

Total monthly$1,048

Cash Needed to Close

Down payment (5%)$7,750

Land transfer tax$1,275

Est. closing costs$2,965

Total cash needed$11,990

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

261 North Elm Street North, Timmins (TNE - Central) - Multi-family for Sale

Rental cashflow calculator

Description

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Neighbourhood profile (P4N)

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