407-413 Preston Street, Timmins, ON

$319,900
MLS#:T9342999
0 beds
0 baths
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 23, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable multiplex located in the coveted neighborhood of TS - SW. Expertly crafted featuring premium unknown construction, this residence presents an exceptional opportunity offered at $319,900 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 40 x 99 ft lot size
  • Features a unknown basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Unknown
  • equipped with unknown central cooling and highly efficient baseboard heating via gas

Description

This very rare side-by-side triplex offers over 2,750 square feet and includes one 3-bedroom unit and two 2-bedroom units, each with separate hydro and gas meters, with tenants paying their own utilities. Every unit comes with its own laundry facilities, full basements, ample parking, and access to two fenced yard areas. The building features new roof shingles replaced in 2021, metered city water, and no rental equipment, ensuring low maintenance and operational ease. The future value of this building is impressive.

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Property Summary

This multiplex located at 407-413 Preston Street, Timmins is currently for sale and has been available on SousaSells for 679 days. This property is listed at $319,900 with an estimated mortgage of $1,065* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 407-413 Preston Street, Timmins is in the TS - SW neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

000
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 23, 2024
Sold price information is available to members only
Listed Date9/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionUnknown
BasementUnknown
Lot Size40 × 99 Feet
CountyCochrane
Annual Tax$4,043.53
Legal DescriptionPCL 23316 SEC SEC SRO; LT 44 PL M70T MOUNTJOY; PT LANE PL M70T MOUNTJOY PT 16, 6R5697 CLOSED BY C385781; S/T C389318; CITY OF TIMMINS

Parking & Garage

Parking Spaces4.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeBaseboard
CoolingUnknown

Features

Property Features

Fenced Yard

Interior Features

Unknown

Security Features

Community Features

Location

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407-413 Preston 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 407-413 Preston Street, Timmins, ON P4N 3P4

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.

Market Trend
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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$95,970 (30.0%)
* Minimum Canadian down payment required for this price is $15,995.
Amortization Period30 Years
Estimated Monthly Payment$1,065Based on a loan of $223,930 over 30 years.
Purchase Price$319,900
Loan Amount$223,930
Provincial Land Transfer Tax:$3,274
Total Estimated Closing Taxes:$3,274

About Purchasing a Home in Timmins, ON

For a property listed at $319,900 in Timmins, the legal minimum down payment is $15,995 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 $3,274 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 $3,274.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$261,134

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
W Earle Miller
Public200 Victoria Avenue, Timmins, Ontario, P4N 8G9
4.3
Pinecrest
Public542 Toke Street, Timmins, Ontario, P4N 6W1
1.9
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

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