2301 Airport Road, Timmins, ON
Property Highlights
Welcome to this remarkable farm located in the coveted neighborhood of TNW - Rural. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $999,990 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.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
Description
Rare opportunity to own a unique commercial and residential property situated on 10 acres of farm-zoned land along the beautiful Mattagami River, offering exceptional versatility and strong income potential. This four-unit residential building features a two-bedroom unit currently rented at $1,900 all-inclusive. There is also a vacant three-bedroom unit with an estimated rental potential of $2,100 all-inclusive. The owner-occupied one-bedroom unit could generate approximately $1,600 all-inclusive, and a vacant one-bedroom loft apartment with potential rental income of $1,100 all-inclusive. In addition, the on-site shop space is currently vacant and was previously leased for $3,000 per month on a triple net basis, providing excellent commercial income opportunity. With riverfront setting, expansive acreage, and multiple revenue streams, this property presents a rare chance for investors or owner-operators to capitalize on both residential and commercial potential. Mpac code 313, Hydro $340 monthly, Gas $500 Monthly, water and sewer $0
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Pricing & Value Insights
Data-driven valuation for 2301 Airport Road, Timmins, ON P4N 7C3
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About Purchasing a Home in Timmins, ON
For a property listed at $999,990 in Timmins, the legal minimum down payment is $74,999 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 $16,475 for this transaction. As this listing is in Timmins (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,475.
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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.