455 Fourth Avenue, Black River-Matheson, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Matheson. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $475,900 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 176 x 136 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Other, Carpet Free
- equipped with window unit(s) central cooling and highly efficient radiant heating via gas
Description
Investors Dream Turnkey Duplex with Positive Cash Flow Located in the heart of Matheson (near Timmins), ON. Appraised Higher Than Asking. It is fully rebuilt and beautifully renovated duplex with long-term value. This property features 2 fully separate and city-approved 2-bedroom units, currently leased for $7,800/month to a reputable paving company providing reliable, high-yield rental income. Fully Furnished: Includes TVs, beds, cutlery, furniture. All New Features: Walls, Spray-Form Insulation, Flooring (durable, high quality, water-heater), and Roofing. Stainless steel appliances in 2 separate Kitchens. New washer & dryer (shared laundry in basement). New windows and doors. Large Lot with potential for future expansion of additional rental units. Utilities included! Steps from Black River. Minutes from Bingham Memorial Hospital. Optional Property Maintenance Services by Seller. This is a hassle-free, income-generating property in a prime location. A rare turnkey opportunity in a high-demand rental area, ideal for corporate housing or long-term investment.
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Other, Carpet Free
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Pricing & Value Insights
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About Purchasing a Home in Black River-Matheson, ON
For a property listed at $475,900 in Black River-Matheson, the legal minimum down payment is $23,795 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,993 for this transaction. As this listing is in Black River-Matheson (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,993.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.