184 Cedar Street N

If you’re on the lookout for a brilliant investment opportunity, then look no further than this Multi-Family Home for sale in Timmins ! Nestled at 184 Cedar Street N, Timmins, this newly renovated multiplex is a gem that boasts ample parking and fantastic rental potential. The property is situated in the TNE - Central community, making it an ideal spot for tenants seeking convenience and accessibility.

This Multi-Family Home for sale in Timmins features a well-thought-out layout spread over two storeys. With a total of four bedrooms and four bathrooms, it’s perfectly designed for families or individuals looking for shared living arrangements. The main floor houses a spacious two-bedroom apartment, which is a real highlight of the property. This unit comes with its own private laundry facilities, making it a sought-after option for renters. With a strong rental potential of £1,450 per month, this apartment is sure to attract interest.

Upstairs, you’ll find two bright one-bedroom units, each currently rented out for £1,100 per month. These units are ideal for singles or couples, providing a comfortable living space in a vibrant community. The property also includes a common-area washer and dryer, adding to the convenience for all tenants. With the potential to add a fourth unit in the full basement, this Multi-Family Home for sale in Timmins offers an excellent value-add opportunity for savvy investors looking to maximise their returns.

Located at 184 Cedar Street N, Timmins, this multiplex is constructed with durable vinyl siding, ensuring it stands the test of time. The lot measures a generous 30 X 112 feet, providing ample outdoor space for tenants to enjoy. While there is no garage or dedicated driveway, the property does offer parking space for up to three vehicles, which is a real bonus in this area.

In terms of utilities, this Multi-Family Home for sale in Timmins is well-equipped. The property is connected to municipal water and sewer services, ensuring reliable access to essential amenities. Heating is provided by a forced air system, and the hot water tank, which is only two years old, is owned, meaning no additional rental costs for the new owner. However, it’s worth noting that there is no air conditioning or central vacuum system, which may be a consideration for some buyers.

The interior of the property is unfurnished, giving you the freedom to personalise the space to your liking. With a total of four rooms, including the three kitchens that cater to the needs of each unit, this Multi-Family Home for sale in Timmins is a practical choice for those looking to invest in rental properties.

The surrounding area of 184 Cedar Street N, Timmins, is part of the Cochrane district, known for its welcoming community and local amenities. Residents will appreciate the convenience of nearby shops, schools, and recreational facilities, making it an attractive location for potential tenants.

In summary, this Multi-Family Home for sale in Timmins presents an incredible opportunity for investors. With strong existing rental income, the potential for expansion, and a prime location at 184 Cedar Street N, Timmins, this property is not to be missed. Whether you’re a seasoned investor or just starting out, this multiplex is sure to meet your needs and exceed your expectations. Don’t hesitate to explore this fantastic investment opportunity today!

TNE - Central is a vibrant and welcoming neighbourhood nestled in the heart of Timmins, Ontario, offering a unique blend of urban convenience and natural beauty. This area is characterised by its diverse range of amenities, including local shops, cafes, and recreational facilities, making it an ideal spot for both families and individuals. The community is well-connected by public transport, ensuring easy access to the wider city and its attractions. With its picturesque parks and green spaces, TNE - Central provides ample opportunities for outdoor activities, while the friendly atmosphere fosters a sense of belonging. Whether you're drawn by the charming surroundings or the lively local culture, TNE - Central is a delightful place to call home.

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 1.7 km away, offering grades JK to 6 in English. For older students, R. Ross Beattie Senior Public School is only 1.2 km from the property, providing education for grades 7 and 8, also in English. Timmins High and Vocational School, located 1.6 km away, caters to students in grades 9 to 12, ensuring a comprehensive educational pathway. Additionally, Timmins Centennial Public School, situated 1.8 km from the property, offers a French language curriculum for grades JK to 8. All these schools are part of the District School Board Ontario North East, ensuring a consistent quality of education. Although the schools currently have a rating of 0, their proximity and variety of programs available make them accessible options for families looking to settle in this area. Overall, the educational facilities nearby provide ample opportunities for children of various ages, contributing to a family-friendly community atmosphere.