556 Spruce Street, Timmins, ON
Property Highlights
Welcome to this remarkable 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.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 40 x 120.42 ft lot
- Features a partially finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor
- Efficient forced air heating via gas
Description
Excellent opportunity to own a versatile and income-generating duplex in a quiet, family-friendly neighbourhood. This solid property features a spacious 2+1 bedroom main unit and a well-appointed 2 bedroom upper unit, offering flexibility for both investors and owner-occupants alike. Situated on a generous 40 x 124 ft lot, the property backs onto a laneway with a wooded area beyond - providing added privacy. Recent updates include an updated furnace and electrical panel, giving peace of mind and reducing immediate capital expenses. The partially finished basement presents possible potential for a third unit, making this an even stronger long-term investment. With the property currently vacant, you have the rare advantage of setting your own rents or customizing the space to suit your needs from day one. Additional features include parking for two vehicles in the front driveway and a layout ideal for multi-generational living or rental income. Whether you're looking to live in one unit and offset your mortgage, or expand your real estate portfolio, this property is packed with potential and ready for your vision.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor, Workbench
Security Features
Community Features
Location
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 556 Spruce Street S, Timmins, ON P4N 2N9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Timmins.
Configure Loan Settings
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.
Nearby Listings
No current listings found in Timmins.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Timmins.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.