126 Seventh Avenue, Timmins, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of TNE - Central. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $375,000 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.
- 6 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 30 x 52 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: None
- Efficient radiant heating via gas
Description
This 5-plex is in very good condition and features a unit mix of two 2-bedroom units, two 1-bedroom units, and one bachelor unit. Current monthly rents for the occupied units are $1,500, $950, $717.50, and $691.88. The basement 2-bed unit is currently vacant and requires renovations. Once renovated, it has the potential market rent of $1,500/month. This property offers a projected 10.09% Cap Rate. This return factors in the basement's potential income and accounts for an 8% property management fee, 5% vacancy allowance, and 5% for maintenance/repairs, alongside all annual taxes, insurance, and utilities.This property is being sold "as-is". Come and have a look!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 126 Seventh Avenue, Timmins, ON P4N 5N9
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Timmins, ON
For a property listed at $375,000 in Timmins, the legal minimum down payment is $18,750 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 $4,100 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 $4,100.
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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.