DETAILS

Great Investment Opportunity in the City of Timmins!

This investment opportunity features a portfolio of 2 multi-residential properties in Timmins with a total of 8 doors, offered at a 6% cap rate.

Portfolio Offered At $880,000

187-189 Maple St S

187-189 Maple St S is a detached building with three units (1×1 bedroom, 2×3 bedroom). Interior renovations for two units and new roof completed recently. Ongoing renovations including exterior siding, windows, and additional interior unit repairs, to be completed by Seller. Four parking spots are available.

84 Fifth Ave

84 Fifth Ave is a detached building with 5 units (3×1 bedroom, 1×2 bedroom, 1×3 bedroom).  Two buildings on one lot, a fourplex and bungalow unit. New hot water tanks have been installed. Interior renovations and new roof recently completed. Ongoing renovations including exterior siding, windows, and additional interior unit repairs, to be completed by Seller. Three parking spots are available plus street parking.

FINANCIALS

Portfolio Valuations

Rent Rolls

187-189 Maple St S

84 Fifth Ave

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


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