181 Preston Street Timmins, Ontario P4N 3N4
$464,900
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:61445)
Property Details
| MLS® Number | T11998963 |
| Property Type | Single Family |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 1 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Amenities | Fireplace(s) |
| BasementDevelopment | Partially Finished |
| BasementType | N/a (partially Finished) |
| ExteriorFinish | Stucco |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1999.983 - 2499.9795 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 80 Ft |
| SizeFrontage | 53 Ft |
| SizeIrregular | 53 X 80 Ft |
| SizeTotalText | 53 X 80 Ft|under 1/2 Acre |
| ZoningDescription | Na-r3 |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27976935/181-preston-street-timmins
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Marcus Richard
Salesperson
11 Rea St. N.
Timmins, Ontario P4N 4Z5
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March 04 2025 03:22:25
Realty Networks Inc.