147 Sixth Avenue

Nestled in the heart of Timmins, at 147 Sixth Avenue, this impressive Multi-Family Home for sale in Timmins is a fantastic investment opportunity. With its strategic location and robust features, this property is not just a house; it’s a gateway to a lucrative venture. Spanning three units, this multiplex building boasts a commendable cash flow, making it an attractive proposition for both seasoned investors and those looking to dip their toes into property management.

As you approach 147 Sixth Avenue, Timmins, you’ll notice the charming stucco exterior, which adds a touch of character to the property. The building is designed in a 2 1/2 storey style, providing ample space for its five bedrooms spread across the three units. Each unit is equipped with its own kitchen, with a total of three kitchens available, allowing for independent living arrangements for tenants. While the property does not feature a den or an additional kitchen, the existing kitchens are well-suited for the needs of the residents.

Inside, the layout of the Multi-Family Home for sale in Timmins is both practical and inviting. The total of ten rooms includes three bathrooms, ensuring that tenants have convenient access to facilities. Although the house does not come furnished, it offers a blank canvas for new owners to personalise the space according to their preferences. The absence of a family room and central vacuum system may seem like drawbacks, but the spaciousness of the units compensates for these features, allowing for a comfortable living environment.

The heating system is based on baseboard heating, which is efficient and reliable, especially during the colder months. While there is no air conditioning, the property benefits from municipal water and sewer services, ensuring that essential utilities are readily available. The unfinished basement presents a unique opportunity for future owners; it can be transformed into additional storage or recreational space, adding further value to the Multi-Family Home for sale in Timmins.

Parking is another highlight of this property. With front yard parking available for up to two vehicles, tenants will appreciate the convenience of easily accessible parking. The mostly fenced yard offers a degree of privacy, making it a pleasant outdoor space for residents to enjoy. Although there is no pool or garage space, the large shed provides additional storage for tools or outdoor equipment, enhancing the functionality of the property.

Located at 147 Sixth Avenue, Timmins, this Multi-Family Home for sale in Timmins is ideally situated near the cross streets of Balsam Street North and Sixth Avenue, placing it within a vibrant community that offers a variety of amenities and services. The area is known for its welcoming atmosphere and accessibility, making it a desirable location for families and individuals alike.

In summary, this Multi-Family Home for sale in Timmins represents a solid investment opportunity with long-term tenants already in place. The roof has been recently re-shingled, ensuring that the property is well-maintained and ready for its new owner. With its excellent cash flow potential, spacious living arrangements, and prime location at 147 Sixth Avenue, Timmins, this property is not to be missed. Whether you are an experienced investor or looking for your first venture into real estate, this multiplex is a promising choice that combines practicality with potential. Don’t let this opportunity slip away; explore the possibilities that await you at this Multi-Family Home for sale in Timmins!

TNE - Central is a vibrant and inviting neighbourhood nestled in the heart of Timmins, Ontario, offering a unique blend of urban convenience and natural beauty. This area is characterised by its charming residential streets, local shops, and essential amenities, all within easy reach. Residents enjoy a strong sense of community spirit, with parks and recreational facilities that encourage outdoor activities and social gatherings. The neighbourhood's proximity to the downtown core means that you can easily access a variety of services, restaurants, and cultural attractions, making it an ideal place for those seeking a balanced lifestyle in a welcoming environment. Whether you’re drawn to the area's rich history or its thriving local scene, TNE - Central promises a fulfilling living experience.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find W. Earle Miller Public School, just 1.8 km away, offering grades JK to 6 in English. For older children, R. Ross Beattie Senior Public School is only 1.1 km from the property, catering to grades 7 and 8, also in English. Timmins High and Vocational School, located 1.6 km away, serves students in grades 9 to 12, providing a pathway to higher education and vocational training. Additionally, Timmins Centennial Public School, which is 1.6 km from the property, offers a French-language education for grades JK to 8. All these schools are part of the District School Board Ontario North East, ensuring a consistent quality of education. While the school ratings are currently not available, the proximity of these institutions highlights the convenience and accessibility for families with children. This vibrant educational landscape not only supports academic growth but also fosters community engagement, making this property an attractive option for potential buyers seeking a family-friendly environment.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 393 residents, with an average household size of 1.8. The community has a median age of 37.4 years, indicating a relatively young demographic. The average household income stands at $56,400, but a significant portion, 29.6%, is classified as low-income. The average property price in the area is $144,000, making it an accessible market for potential buyers. Notably, a large majority of residents, 70.83%, are single, and only 20% of households include children, reflecting a predominantly adult-oriented community. The rental market is robust, with 82.22% of residents renting their homes, while condos make up 6.67% of the housing stock. Education levels are moderate, with 38.67% of the population holding a college or university degree. Additionally, a significant 37.33% of the residents are not participating in the labor force, suggesting potential challenges in employment opportunities. Overall, this area presents a unique blend of affordability and demographic characteristics, appealing particularly to singles and renters.