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$515,000
Available - For Sale
Listing ID: X8014648
This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity!
Price $515,000
Taxes: $8,941.35
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 695 And 3
Lot Size: 62.2 x 97.05 (Feet)
Directions/Cross Streets: Lion Crest Lane And Grant St
Zoning: Commercial NA-CN
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
Chattels: N
Franchise: N
Sprinklers: Y
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: 62.20 x 97.05(Feet)
Approximate Age: 51-99
Tax: $8,941.35
Maintenance Fee: $0
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