Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of TNE - Central. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $410,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
This turn key investment has two buildings on one lot, each building has 2 apartments, the front house has 1 x 2 BR , 1 X 3 BR, and the back house 2 x 2 BR units, the main floor apartments have access to the laundry room in the basement, the front house as newly replaced boiler system. The property has a detached garage and a shed. The property takes in $60,918.72 (September 2025) in gross rents annually. Large main unit with 3+1 bedroom and full basement. Extra storage in the detached garage. Centrally located - close to schools, parks and churches. Updates: front house (corner building) shingles - 2021; and gas forced air furnace - 2018 and a newly replaced boiler heating system. One hot water tank is owned, two hot water tanks are rented. Front House Boiler replaced in 2023, Back House Natural Gas Furnace 2017, Fire Retrofit Certificate January 2026. See Realtor Remarks for Rent Roll
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Data-driven valuation for 245 Cedar Street N, Timmins, ON P4N 6J5
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Properties in this area are selling at a steady pace.
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