DETAILS

Great Investment Opportunity in the City of Timmins!

This investment opportunity features a portfolio of 5 multi-residential income-producing properties offered at 10% cap. In special circumstances, offers for individual properties at premium price (8% cap) may be considered as a standalone.

Portfolio Offered At $1,595,000

51 Windsor Ave

51 Windsor Ave is a detached, two-storey residential building with five self-contained units (2×1 bedroom, 3×3 bedroom). The building has been fully renovated from the studs out with new plumbing, electrical, roof, and siding. One unit is gutted and ready to renovate. Three parking spots are available.

22 Balsam St N

22 Balsam St N is a detached, multi-residential building with seven self-contained units (5×1 bedroom, 2×2 bedroom). One unit has been gutted and is ready to renovate. Two parking spots are available. 

152 Cedar St N

152 Cedar St N is a two-storey residential property with five self-contained units (4×1 bedroom ,1×3 bedroom). One unit has been gutted for renovation. There are three separate entrances and three parking spots available.

102 Fourth Ave

102 Fourth Ave is a two-storey residential property with three self-contained units (1×1 bedroom, 1×2 bedroom, 1 bachelor). The property is located in the Schumacher neighbourhood and is a short 10 minute drive from downtown Timmins. Three parking spots are available.

193-195 Fifth Ave

193-195 Fifth Ave is a two-storey property with five self-contained units (2×1 bedroom, 3×2 bedroom). A brand new high efficiency gas boiler system has been installed. One parking spot is available.

FINANCIALS

Portfolio Summary

51 Windsor Ave

Valuation

Rent Rolls

22 Balsam St N

Valuation

Rent Rolls

152 Cedar St N

Valuation

Rent Rolls

102 Fourth Ave

Valuation

Rent Rolls

193-195 Fifth Ave

Valuation

Rent Rolls

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


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