177 Lakeshore Road, Timmins, ON
Property no longer active
This property was sold on April 11, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of TNE - Hill District. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $525,000 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.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning 5000 + sqft on a premium 49.85 x 114.03 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: None
- Efficient other heating via other
Description
Great investment opportunity! This property was formerly used as a 12-unit income property. The current layout may permit up to 13 units, subject to city of Timmins approval. This property is ready for renovation by a skilled handyman or contractor, having been largely stripped down to the studs. Property is being sold "as-is". Projected rental income as a 13-unit property (consisting of 11 one-bedroom units at $1,200/mth & 2 two-bedroom units @ $1,450/mth) would amount to $193,200 annually. A rare opportunity to own an income property with a view of Gillies Lake. Come have a look today! **EXTRAS** Above Grade Square Footage: 6130 , Zoning NA-R2, Hydro - Vacant, Heat - vacant, MPAC 340, water & Sewer is metered
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Property Summary
This multiplex located at 177 Lakeshore Road, Timmins is currently for sale and has been available on SousaSells for 578 days. This property is listed at $525,000 with an estimated mortgage of $1,748* per month. It has 0 beds, 0 bathrooms, and is 5000 + square feet. 177 Lakeshore Road, Timmins is in the TNE - Hill District neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 177 Lakeshore Road, Timmins, ON P4N 7A1
Based on 0 recent similar sales in the pocket.
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 $525,000 in Timmins, the legal minimum down payment is $27,500 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 $6,975 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 $6,975.
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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.