100 Father Costello Drive, Timmins, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey multiplex located in the coveted neighborhood of SCH - Main Area. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $359,900 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 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 30 x 78 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient baseboard heating via electric
Description
This multi-unit investment property features two separate homes on one lot, offering multiple income streams and excellent future potential. The front building is a triplex with two units currently tenanted. The main-floor unit offers 2 bedrooms and 1 bathroom and features recently updated flooring. The upper unit is a newly renovated 1-bedroom, 1-bathroom apartment. The lower-level unit has been taken down to the studs, providing a blank canvas for investors looking to add value and increase rental income. The front building is serviced by three separate hydro meters, offering added convenience for both owners and tenants. At the rear of the property, you'll find a separate 1-bedroom, 1-bathroom home that is currently tenanted, creating an additional source of revenue. A fantastic opportunity to invest in a multi-unit property with strong potential.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 100 Father Costello Drive, Timmins, ON P0N 1G0
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About Purchasing a Home in Timmins, ON
For a property listed at $359,900 in Timmins, the legal minimum down payment is $17,995 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 $3,874 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 $3,874.
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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.