384 Commercial Avenue, Timmins, ON
Property no longer active
This property was sold on March 28, 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 - SW. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $199,000 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.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 40.04 x 97.56 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
The main floor is owner occupied and will be vacant on date of completion, allowing you the flexibility to select your own tenant or move in and make it your home. This well-maintained duplex offers the perfect blend of investment potential and comfortable living! The main floor unit has central air conditioning and features spacious 3 (2 + 1) spacious bedrooms, a spacious kitchen, 2 full bathrooms and a laundry room, and a recreation room. The upstairs unit is a tenanted cozy 1-bedroom, 1-full bathroom apartment , ideal for rental income or multi-generational living. With 3 parking space available and a conveniently located. this property is a fantastic opportunity for a first time homeowner and investors alike. Through (Reliance), for $114.99 plus HST (November 2024 billing), for natural gas furnace, humidifier, thermostat, air filtering/cleaner, central air conditioner , also through Reliance, the current owner has a plumbing protection plan $21.99 plus HST (monthly) , rentals not included in the sale price. Tenant requires 24 hours notice for showings. **EXTRAS** the current owner has a plumbing protection plan $21.99 plus HST (monthly) not included in the sale price
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Property Summary
This duplex located at 384 Commercial Avenue, Timmins is currently for sale and has been available on SousaSells for 582 days. This property is listed at $199,000 with an estimated mortgage of $662* per month. It has 4 beds, 3 bathrooms, and is 700-1100 square feet. 384 Commercial Avenue, Timmins is in the TS - SW neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 384 Commercial Avenue, Timmins, ON P4N 2X9
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 $199,000 in Timmins, the legal minimum down payment is $9,950 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 $1,715 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 $1,715.
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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.