ID 806910

181 PRESTON STREET, Timmins, Ontario P4N 3N4

181 PRESTON STREET, Timmins, Ontario P4N 3N4

$489,900.00

  • 6 bedrooms
  • 1 bathrooms

Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: ... read more

Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream (id:25417)

  • Listing ID: T10406477
  • Property Type: Single Family
Property
Lot Size: 53 by 80 FT|under 1/2 Acre
Parking: 4 Spaces
Building
Type: Single Family Fourplex
HVAC: Fireplace and Forced Air
Natural Gas
Exterior: Stucco
Basement: N/A (Partially Finished)
Utilities: Sanitary Sewer
Location
City: Timmins
Province: Ontario

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This property, located on Preston Street in Timmins Ontario, was published on November 4th, 2024. See if this home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in Timmins convenient.