106 Way Avenue

Introducing a remarkable opportunity: a Multi-Family Home for sale in Timmins , located at 106 Way Avenue, Timmins. This spacious multiplex is situated on a quiet block in the south-western area of Timmins, making it an ideal investment property for those seeking to capitalise on the thriving rental market in the region.

This impressive property features a total of 16 rooms, including three kitchens, which is a significant advantage for a multi-family dwelling. The building style is a charming 1 1/2 storey, constructed with a combination of aluminium siding and vinyl siding, ensuring both durability and aesthetic appeal. The property boasts eight bedrooms in total, providing ample accommodation for multiple families or tenants. The layout includes a generous five-bedroom main floor apartment, a well-sized two-bedroom basement apartment, and a cosy one-bedroom unit located upstairs. This variety of living spaces is perfect for accommodating different family sizes or rental preferences.

The Multi-Family Home for sale in Timmins is well-maintained, having undergone several upgrades in the last five years. These enhancements include a new roof and the installation of numerous windows and doors, which not only improve the property's energy efficiency but also enhance its overall appearance. The property is unfurnished, allowing potential buyers to personalise the space to their liking.

The heating system is forced air, ensuring that all units remain warm and comfortable during the colder months. Although there is no central vacuum system or air conditioning, the property is equipped with municipal water and sewer services, which are essential for modern living. Additionally, the property offers internet connectivity, making it convenient for tenants who require reliable online access.

Parking is available for two vehicles, which is a notable feature in a multi-family setting, especially in a bustling community like Timmins. However, it is important to note that there is no garage space or driveway associated with the property. The lot measures 40 by 99 feet, providing a manageable outdoor space for tenants to enjoy.

While the property does not include a pool or fireplace, its location in the TS - SW community of Timmins offers residents access to various local amenities and attractions. The surrounding area is known for its friendly atmosphere and community spirit, making it a desirable place to live.

Investors will appreciate the potential rental income generated by this Multi-Family Home for sale in Timmins. The combination of the three distinct living spaces, along with the recent upgrades, positions this property as a lucrative investment opportunity. Whether you are looking to enter the rental market or expand your existing portfolio, this property at 106 Way Avenue, Timmins, is certainly worth considering.

In summary, this Multi-Family Home for sale in Timmins presents an excellent opportunity for those seeking a well-maintained and spacious property in a prime location. With eight bedrooms, three kitchens, and a variety of living arrangements, this multiplex is poised to meet the needs of a diverse range of tenants. The upgrades made in recent years further enhance its appeal, making it a sound investment for any buyer. Don't miss out on the chance to own this exceptional property at 106 Way Avenue, Timmins.

The TS - SW community in Timmins is a vibrant and welcoming neighbourhood that offers a unique blend of natural beauty and urban convenience. Nestled within the picturesque landscapes of Northern Ontario, this area is characterised by its spacious residential streets, green parks, and proximity to essential amenities. Residents enjoy a strong sense of community spirit, with local shops, schools, and recreational facilities just a stone's throw away. The surrounding forests and lakes provide ample opportunities for outdoor activities, making it an ideal location for nature enthusiasts. Whether you’re seeking a peaceful retreat or a place to raise a family, TS - SW offers a charming and friendly environment that feels like home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Timmins Centennial Public School, just 0.6 km away, offering French-language instruction for grades JK to 8. For older students, R. Ross Beattie Senior Public School, located 1.3 km from the property, caters to grades 7 and 8, while Timmins High and Vocational School, 1.9 km away, serves grades 9 to 12. Additionally, W. Earle Miller Public School, situated 2.5 km from the property, provides education from JK to 6 in English. All these schools are part of the District School Board Ontario North East, ensuring a consistent educational framework. While the school ratings are currently not available, the proximity to multiple educational options enhances the appeal of this property for families prioritizing education. With a variety of grade levels and language options, residents can easily find suitable schooling for their children within a short distance. This accessibility to quality education is a significant advantage for potential buyers considering this property.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 495 residents. The average household consists of 2.1 individuals, with a median age of 37.1 years. The average household income stands at $78,500, indicating a relatively stable economic environment, although 16.4% of the population is classified as low-income. The real estate market reflects an average property price of $200,000, appealing to a diverse range of buyers. Notably, 52.5% of residents are single, and 38.46% of households include children, suggesting a mix of family structures. The area has a rental population of 44.44%, with no condos available, highlighting a potential demand for rental properties. Educational attainment is noteworthy, with 31.65% of residents holding a college or university degree. However, a significant portion of the population, 37.97%, is not in the labor force, which may impact local economic dynamics. Additionally, the immigrant population is relatively low at 2.91%, suggesting a more homogenous community. Overall, this demographic snapshot indicates a small, primarily residential area with a blend of young professionals and families.