13
See all 13 photos
$464,900
Est. payment /mo
6 Beds
1 Bath
Active
181 Preston ST Timmins, ON P4N 3N4
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID T11998963
Style 2-Storey
Bedrooms 6
Building Age 31-50
Annual Tax Amount $5,147
Tax Year 2024
Property Sub-Type Fourplex
Property 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
Location
Province ON
County Cochrane
Area Cochrane
Zoning NA-R3
Rooms
Family Room No
Basement Partially Finished
Kitchen 4
Interior
Interior Features None
Cooling None
Fireplaces Number 1
Fireplaces Type Natural Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 53.0
Lot Depth 80.0
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
Senior Community No
Listed by REALTY NETWORKS INC.