$509,000

For sale

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427 Wilson Avenue, Timmins (TS - SW) - Multi-family for Sale

427 Wilson Avenue, Timmins (TS - SW), Ontario, P4N2T9

6 beds4 baths4 parking ft²

54 Windsor Avenue, Timmins (TS - SW), Ontario, P4N3A9

5 bd3 ba5 pk900 ft²Lot size 40 × 99 ft (3,960 sq ft)

Listed by REVEL REALTY INC.

103 Commercial Avenue, Timmins (TS - SW), Ontario, P4N2W9

For sale

20 days ago

$330K

103 Commercial Avenue, Timmins (TS - SW), Ontario, P4N2W9

4 bd3 ba3 pk1,300 ft²Lot size 33 × 100 ft (3,300 sq ft)

Listed by REVEL REALTY INC.

Investment analysis

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$509,000

Timmins

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Description

Turnkey Investment Opportunity! This newly improved and renovated 4-plex offers immediate rental income and is a fantastic addition to any investment portfolio. Ideally located just steps from the Mattagami River and close to the boat launch, parks, and walking trails. The property features two 1-bedroom units and two 2-bedroom units, 4 separate hydro meters, 1 gas meter, and ample on-site parking. An income-generating property with strong investment potential and ready to start earning from day one. (id:66096)

Property Details

MLS®: T14093458
Property Type: Multi-family
Zoning: EA-CG
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 4
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 40 × 100 ft (4,000 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Baseboard heaters, Electric, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,314.19/yr
Listed: 16 days ago

Market Timing

Days on market

16d

Timmins (TS - SW) listings, avg age

Price / ft²

$226

List price

$509K

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 103.7 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 $509,000, about 6.9× the local median household income of $73,500.

Carrying it typically needs a household income of about $99,426 (20% down, 25-yr amortization, stress-tested) — roughly 35% above 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)

$509,000· $226/ft²

For sale

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Full Cost Breakdown

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Down Payment5.09% · $25,900

Min 5.09%50%

Mortgage payment$2,678/mo

↳ CMHC premium ($19,324 capitalized)

Property tax (est.)$276/mo

Total monthly$2,955

Cash Needed to Close

Down payment (5.09%)$25,900

Land transfer tax$6,655

Est. closing costs$4,027

Total cash needed$36,582

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

427 Wilson Avenue, Timmins (TS - SW) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

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Neighbourhood profile (P4N)

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