39
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$630,000
Est. payment /mo
New
177 Lakeshore RD Timmins, ON P4N 7A1
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UPDATED:
12/19/2024 04:25 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID T11893816
Style 2 1/2 Storey
Annual Tax Amount $13,053
Tax Year 2024
Property Description
Great investment opportunity! This property was formerly used as a 12-unit income property. The current layout may permit up to 13 units, subject to city of Timmins approval. This property is ready for renovation by a skilled handyman or contractor, having been largely stripped down to the studs. Property is being sold "as-is". Projected rental income as a 13-unit property (consisting of 11 one-bedroom units at $1,200/mth & 2 two-bedroom units @ $1,450/mth) would amount to $193,200 annually. A rare opportunity to own an income property with a view of Gillies Lake. Come have a look today!
Location
Province ON
County Cochrane
Community Tne - Hill District
Area Cochrane
Zoning NA-R2
Region TNE - Hill District
City Region TNE - Hill District
Rooms
Family Room No
Basement Unfinished
Kitchen 0
Interior
Interior Features None
Cooling None
Inclusions as-is
Exterior
Exterior Feature Deck
Parking Features Private
Garage Spaces 5.0
Pool None
Roof Type Unknown
Total Parking Spaces 5
Building
Foundation Poured Concrete
Listed by ROYAL LEPAGE NORTHERN REALTY LEADERS
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