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$515,000
Available - For Sale
Listing ID: T11997375
This property presents a remarkable opportunity for investors, featuring a fully leased and well-maintained space occupied by a AAA tenant. With a double net rent of $31,000 per year and a long-term lease that extends until April 30th, 2027, along with options for multiple renewals, it stands as an appealing choice. The property's approx 6% CAP rate promises an excellent return and is strategically situated in a high-density area. Additionally, the lease agreement includes a base rent escalation. The Seller is highly motivated to sell and is excited to showcase this valuable opportunity, so be sure not to miss out!
Price $515,000
Taxes: $9,163.8
Tax Type: Annual
Occupancy by: Tenant
Address: 60 Dwyer Ave , Timmins, P0N 1G0, Ontario
Postal Code: P0N 1G0
Province/State: Ontario
Legal Description: PLAN M6T LOTS 131 AND 132 PCLS 698 AND 3
Lot Size: 63.2 x 97.05 (Feet)
Directions/Cross Streets: Lion Crest Lane and Grant Street
Zoning: Commercial NA-R3
Category: Retail
Building Percentage: Y
Total Area: 6,133.5
Total Area Code:  Sq Ft
Retail Area: 3022
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Financial Statement: N
Franchise: N
Sprinklers: Part
Outside Storage: N
Rail: N
Crane: N
Soil Test: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: None
Sewers: San+Storm
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

60 Dwyer Ave , Timmins, P0N 1G0, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Cochrane
Municipality: Timmins
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Lot Size: 63.20 x 97.05(Feet)
Approximate Age: 51-99
Tax: $9,163.8
Maintenance Fee: $0
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