DETAILS

Vacant 12-Unit Multi Residential Investment In Timmins ON (8X1Br, 2X2Br, 1X3 Br). Located On The Lake & Next To The Hospital. Suffered A Small Fire In Winter 2021/2022. This Offering Is Half Block, Half Frame. Fire Damaged Units Are Two 2-Bedroom Units, With Three Additional Units Having Smoke & Water Damage. Local Appraisals To Fully Repair All Suites Estimate $500,000. Valuation Of Completed Property Is Estimated To Be $1.5M At 5% Cap. There Are Three Addtl Storage Sheds 15X20 Each, Not Accounted For In Pro Formas. Option Of 1 Year VTB 1st Or 2nd Position To Qualified Applicants Only.

Offered At $600,000

FINANCIAL

Valuation

Rent Rolls

Graham F. Alloway
Broker of Record
B.A. LL.B. Hons.
416-443-9000
graham@alloway.net


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