202 Balsam Street, Timmins, ON
Property no longer active
This property was sold on May 23, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of TS - SE. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $229,900 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.
- 2 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 30 x 56.35 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: None
- Efficient forced air heating via gas
Description
Excellent Investment Opportunity Vacant Duplex with Strong Rental Potential! If youre looking to break into the real estate investment market, look no further. This duplex offers immediate income potential with both units vacant upon closing perfect for setting your own rents or moving in while renting out the other unit. The main floor unit features a spacious 2-bedroom layout, ideal for small families or working professionals, while the upper unit offers a cozy and bright 1-bedroom apartment. Both units share convenient on-site laundry. Additional perks include parking for up to four vehicles, making it attractive for tenants with multiple cars or guests. Projected market rents are strong, with the 2-bedroom unit estimated at $1,500$1,600/month all-inclusive, and the 1-bedroom unit at $1,100/month all-inclusive. Whether you're an investor or a homeowner looking to offset your mortgage, this property checks all the boxes.
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Property Summary
This duplex located at 202 Balsam Street, Timmins is currently for sale and has been available on SousaSells for 467 days. This property is listed at $229,900 with an estimated mortgage of $765* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 202 Balsam Street, Timmins is in the TS - SE 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 202 Balsam Street S, Timmins, ON P4N 2E4
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 $229,900 in Timmins, the legal minimum down payment is $11,495 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 $2,024 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 $2,024.
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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.