181 Preston Street, Timmins, ON Image 1

$464,900

Fourplex For Sale
MLS - #T11998963
Mar 4- By REALTY NETWORKS INC.

181 Preston Street, Timmins, ON P4N 3N4

6 Bed
1 Bath
2000-2500 Sqft.
None Garage

Property Description

Property type

Fourplex

Lot size

< .50

Style

2-Storey

Approx. Area

2000-2500 Sqft

About 181 Preston Street

Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream

Home Overview

Last updated

Mar 4

Virtual tour

None

Basement information

Partially Finished

Building size

--

Status

In-Active

Property sub type

Fourplex

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:Partially Finished
Cooling:None
Heating:Forced Air
Parking Features:Private
0
Similar Homes Found
$0
Average Price
46490000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 181 Preston Street

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$1775.60/ month
$371,920 Principal and Interest

Some information about this property - Preston Street

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