60 Dwyer Ave

Timmins | | P0N 1G0
  • 6133.5 sqft
  • 0 gar

$515,000

Est. Mtg $1,746 /mo
  • Days on market

    303

  • Status

    A

Listing Broker ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Since listed: 2 views

Home details

MLS #:

X8014648

Property type:
Investment
Style:
Taxes:
$8,941
Possession:
TBA
Condo Fee:
Lot Size:
62.2 X 97.05
Zoning:
Commercial NA-CN NA-R3
Use:
Heat:
Gas Forced Air Closd

Description


60 Dwyer Ave, , Timmins, Ontario is a Investment property in Timmins and in the community in the P0N 1G0 postal code


This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity!.

Extras

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Payment calculator

$2491 monthly. In association with: TD Bank
%
  • Principal and Interest
    1746 /mo
  • Property Taxes
    $745 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Jim Millis, Realtor

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