223 Cedar Street, Timmins, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of TNE - Central. 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 30 x 112.5 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Carpet Free, On Demand Water Heater, Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Excellent investment opportunity with this renovated two storey duplex offering two spacious 2 bedroom units and nearly 2,000 sq. ft. of living space. Both units are currently rented by a company, generating gross annual rents of $57,600. The property includes all existing furniture and appliances, making it a truly turnkey investment. Features include central air conditioning, hot water on demand, separate hydro meters, and all inclusive rental arrangements. Tenants can enjoy a nice rear deck, while ample parking is provided with two spaces at the front and two additional spaces off the rear laneway. Centrally located close to amenities, this well maintained income property is a fantastic addition to any investment portfolio.
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Features
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Interior Features
Carpet Free, On Demand Water Heater, Water Heater Owned, Storage
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 223 Cedar Street N, Timmins, ON P4N 6J5
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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 $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.