117 Croatia Avenue

Introducing a fantastic investment opportunity with a Multi-Family Home for sale in Timmins ! Located at 117 Croatia Avenue, Timmins, this property presents a unique chance for savvy investors looking to expand their portfolio. The property consists of two houses situated on one lot, making it an ideal choice for those seeking rental income or a multi-generational living arrangement.

The front house, which will be vacant upon closing, features two well-sized bedrooms and a full bathroom, providing ample space for comfortable living. The entrance boasts a large addition that could easily serve as a mudroom, perfect for storing outdoor gear or welcoming guests. This house is equipped with two furnaces and two hot water tanks, one of which is an on-demand system, ensuring that the heating and hot water needs are efficiently met.

At 117 Croatia Avenue, Timmins, the back house is also currently tenanted on a month-to-month basis, bringing in a rental income of $600, with tenants responsible for their own hydro and gas. This house consists of one bedroom and a full bathroom, making it a cosy space for individuals or couples. The arrangement of having two houses on one lot is a rare find, especially in the SCH - Main Area community, which adds to the appeal of this Multi-Family Home for sale in Timmins.

The property itself is a multiplex styled as a bungalow, with a total of nine rooms across both houses. The exterior is clad in durable vinyl siding, ensuring low maintenance and longevity. The lot measures a generous 30 X 114 feet, providing ample outdoor space for potential enhancements or landscaping. While there is no garage or dedicated parking space, the location allows for street parking, which is a common arrangement in this area.

In terms of amenities, this Multi-Family Home for sale in Timmins is equipped with central air conditioning, ensuring comfort during the warmer months. However, it is worth noting that there is no pool or fireplace on the property, which may be a consideration for some buyers. The houses are unfurnished, allowing new owners to personalise the spaces to their liking.

Water is supplied by the municipal system, and the property is connected to the sewer, making it convenient for everyday living. The basement is currently unfinished, offering potential for further development or storage space. Although there are no additional rooms or features listed, the layout of the two houses provides ample opportunity for creativity and personalisation.

The location at 117 Croatia Avenue, Timmins, is within the Cochrane area, known for its community spirit and accessibility to local amenities. Residents will appreciate the proximity to shops, schools, and recreational facilities, making it a desirable place to live or invest.

In summary, this Multi-Family Home for sale in Timmins is an exceptional opportunity for anyone looking to invest in real estate. With two separate houses on one lot, each with its own amenities and rental potential, this property is a must-see. Whether you are an experienced investor or a first-time buyer, 117 Croatia Avenue, Timmins, offers a promising venture in a thriving community. Don’t miss out on this unique chance to own a piece of Timmins real estate!

SCH - Main Area in Timmins is a vibrant and diverse neighbourhood that offers a unique blend of urban convenience and natural beauty. Nestled in the heart of the city, this area boasts a range of amenities, including local shops, schools, and parks, making it an ideal location for families and individuals alike. The community is well-connected by public transport, ensuring easy access to the wider city while still providing a sense of tranquillity. With its welcoming atmosphere and a strong sense of local pride, SCH - Main Area is a delightful place to call home, offering both the excitement of city life and the charm of a close-knit community.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Schumacher Public School, situated just 0.3 km away, offering grades from Junior Kindergarten to Grade 6, under the District School Board Ontario North East. For older students, R. Ross Beattie Senior Public School, which serves grades 7 to 8, is located 3.9 km from the property. Timmins High and Vocational School, catering to grades 9 to 12, is slightly further at 4.4 km. Additionally, Timmins Centennial Public School, which provides education in French for grades JK to 8, is 3.6 km away. All schools are public and offer English or French language instruction, ensuring a diverse educational environment. Although the school ratings are currently not available, the proximity to these institutions highlights the family-friendly nature of the neighborhood. Overall, this property offers easy access to a range of educational facilities, supporting the academic needs of children at various stages of their education.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 577 residents, with an average household size of 2.1 individuals. The demographic is relatively mature, with an average age of 38.3 years. The average household income stands at $76,000, although 19.6% of the population falls under the low-income category. The real estate market shows an average property price of $132,000, making it accessible for many. A significant portion of the population, 51.58%, is single, while 32.26% of households include children, indicating a mix of family structures. The community has a modest immigrant presence at 5.3%, and 41.38% of residents are renters, reflecting a diverse housing landscape. Notably, there are no condominiums in the area, which may appeal to those seeking single-family homes. Educational attainment is relatively high, with 38.89% of residents holding a college or university degree. However, a considerable 38.32% of the population is not in the labor force, which may influence local economic dynamics. Overall, this area presents a blend of demographic characteristics that could appeal to a variety of potential homeowners and investors.