181 Preston Street, Timmins, ON P4N 3N4

  • $489,900
181 Preston Street, Timmins, ON P4N 3N4

Overview

Property ID: T10406477
  • Residential, Fourplex
  • Property Type
  • 6
  • Bedrooms
  • 1
  • Bathroom

Description

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

  • Address 181 Preston Street
  • City Timmins
  • State/county ON
  • Zip/Postal Code P4N 3N4

Details

Updated on November 7, 2024 at 4:44 pm
  • Property ID: T10406477
  • Price: $489,900
  • Bedrooms: 6
  • Bathroom: 1
  • Garage Size: x x
  • Property Type: Residential, Fourplex
  • Property Status: Active
  • MLS#: T10406477

Features

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