303 Spruce Street, Timmins, ON

$525,000
MLS#:T9513115
5 beds
4 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 11, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of TS - SE. Expertly crafted featuring premium vinyl siding 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.

  • 5 Bedrooms and 4 Bathrooms with 4 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 119.61 x 29.94 ft lot
  • Features a apartment, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater, On Demand Water Heater, Water Heater Owned
  • equipped with wall unit(s) central cooling and highly efficient other heating via gas

Description

Well maintained four-unit apartment unit, with plenty of parking. Features of this property include 14 feet x 22 feet detached garage, a gazebo and a shared coin laundry room. The main floor unit has its own laundry room, dishwasher and microwave with exhaust fan. The sale includes 4 fridges and 4 stoves, the coin operated washer and dryer, and the furniture in unit "B" on the 2nd floor, and 1 NON coin operated washer and dryer, and 1 garden shed, 1 gazebo, . The building shows very well and has modern windows and doors. Please allow 24 hours minimum notice for showings.

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Property Summary

This multiplex located at 303 Spruce Street, Timmins is currently for sale and has been available on SousaSells for 628 days. This property is listed at $525,000 with an estimated mortgage of $1,748* per month. It has 5 beds, 4 bathrooms, and is 1500-2000 square feet. 303 Spruce 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

Bedrooms
5
Bathrooms
4
Kitchens
4
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 11, 2024
Sold price information is available to members only
Listed Date10/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
Architectural Style2-Storey
ConstructionVinyl Siding
BasementApartment, Partially Finished
Lot Size119.61 × 29.94 Feet
CountyCochrane
Annual Tax$4,038.72
Legal DescriptionSee Schedule B

Parking & Garage

Parking Spaces4.0
Garage Spaces6
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeOther
CoolingWall Unit(s)

Features

Property Features

Interior Features

Water Heater, On Demand Water Heater, Water Heater Owned

Security Features

Community Features

Location

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303 Spruce Street, Timmins, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 303 Spruce Street S, Timmins, ON P4N 2N1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Timmins.

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Interest Rate4.00%
Down Payment$157,500 (30.0%)
* Minimum Canadian down payment required for this price is $27,500.
Amortization Period30 Years
Estimated Monthly Payment$1,748Based on a loan of $367,500 over 30 years.
Purchase Price$525,000
Loan Amount$367,500
Provincial Land Transfer Tax:$6,975
Total Estimated Closing Taxes:$6,975

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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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for TS - SE, Timmins.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$329,265

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

École catholique St-Gérard
Public59 Sterling Avenue E, Timmins, Ontario, P4N 1R7
3.1
Pinecrest
Public542 Toke Street, Timmins, Ontario, P4N 6W1
1.9
W Earle Miller
Public200 Victoria Avenue, Timmins, Ontario, P4N 8G9
4.3
Don-Bosco
Public400 Lonergan Boulevard, Timmins, Ontario, P4P 1C7
4.4
Lionel-Gauthier
Public145 St. Jean Avenue, Timmins, Ontario, P4R 0J7
6.7

Secondary Schools

O’Gorman
Public150 George Avenue, Timmins, Ontario, P4N 4M1
5.3
Theriault
Public341 Thériault Boulevard, Timmins, Ontario, P4N 7K3
4.4
Timmins
Public451 Thériault Boulevard, Timmins, Ontario, P4N 8B2
3.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.