184 Third Avenue Timmins, Ontario P4N 1C8
$429,900
Introducing a fully leased and well-maintained investment property in the high-density area of Downtown Timmins. This property is occupied by AAA tenants, each with long-term leases and options to extend. The units include an accounting firm, a tattoo shop, and a basement rented to a packaging/stocking business for storage, all with separate entrances and separate hydro meters. With an impressive cap rate of over7% and an annual rent of $48,000, this property offers a solid return on investment. The cooperative tenants make management easy, even from a distance, ensuring a hassle-free ownership experience. Financials are available upon request. **** EXTRAS **** Incredible return on investment! Motivated sellers are offering this outstanding opportunity, so don't miss out. Please be discreet-do not visit directly or speak to the employees. A virtual tour is available for your convenience. (id:58043)
Property Details
| MLS® Number | X8445192 |
| Property Type | Business |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 3120 Sqft |
| SizeInterior | 3120 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 108 Ft |
| SizeFrontage | 30 Ft |
| SizeIrregular | Bldg=30 X 108 Ft |
| SizeTotalText | Bldg=30 X 108 Ft |
| ZoningDescription | General Commercial (ea-cg) |
https://www.realtor.ca/real-estate/27047845/184-third-avenue-timmins
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Gary Arora
Broker
20-470 Chrysler Drive
Brampton, Ontario L6S 0C1
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September 04 2024 04:10:54
Toronto Real Estate Board
Homelife/miracle Realty Ltd