2301 Airport Road

**Multi-Family Home for sale in Timmins ** – a rare opportunity awaits you at 2301 Airport Road, Timmins. This unique property is a remarkable blend of commercial and residential potential, set on a generous 10 acres of farm-zoned land that runs alongside the picturesque Mattagami River. With its exceptional versatility and strong income potential, this **Multi-Family Home for sale in Timmins** is not to be missed.

This impressive multiplex building is designed in a bungalow style and boasts an attractive exterior featuring both aluminium siding and stucco plaster. It comprises a total of four distinct residential units, making it an ideal investment for those looking to generate income while enjoying the benefits of living in a vibrant community. The property offers a total of seven bedrooms and four bathrooms, ensuring ample space for families or tenants.

At 2301 Airport Road, Timmins, you will find a two-bedroom unit currently rented at a competitive rate of $1,900 per month, all-inclusive. This is a fantastic opportunity for those seeking immediate rental income. Additionally, there is a vacant three-bedroom unit with an estimated rental potential of $2,100 per month, all-inclusive, providing a lucrative option for prospective tenants. For those who wish to reside on the property, the owner-occupied one-bedroom unit could generate approximately $1,600 per month, all-inclusive, while a vacant one-bedroom loft apartment holds the potential for rental income of $1,100 per month, all-inclusive.

The property also features an on-site shop space that is currently vacant but was previously leased for an impressive $3,000 per month on a triple net basis. This presents an excellent commercial income opportunity, further enhancing the appeal of this **Multi-Family Home for sale in Timmins**. With multiple revenue streams available, this property is perfect for investors or owner-operators keen to capitalise on both residential and commercial potential.

The amenities at 2301 Airport Road, Timmins, are designed for comfort and convenience. The property is equipped with four kitchens, making it easy to cater to the needs of multiple households. Additionally, there is a family room, perfect for gatherings and relaxation. While the home does not feature air conditioning or a central vacuum system, it does include a fireplace, adding a cosy touch during the colder months.

The property is serviced by a well for water and a septic system for sewer, ensuring that essential utilities are readily available. Although there is no pool on the premises, the expansive acreage offers plenty of outdoor space for recreational activities or potential landscaping projects.

Parking is abundant at this **Multi-Family Home for sale in Timmins**, with a detached garage providing space for up to 40 vehicles, alongside additional parking space for 40 more. This is particularly advantageous for a property of this size, allowing for ample accommodation for residents and visitors alike.

The location of 2301 Airport Road, Timmins, is another highlight, situated within the TNW - Rural community of Timmins in the Cochrane area. The scenic riverfront setting enhances the property's charm, making it a desirable place to live or invest.

In summary, this **Multi-Family Home for sale in Timmins** offers a rare chance to own a property with both residential and commercial capabilities. With its diverse income potential, spacious layout, and prime location, this property is an exceptional opportunity for those looking to invest in the thriving community of Timmins. Don’t miss out on the chance to make this unique property your own!

TNW - Rural, located in the city of Timmins, offers a unique blend of serene natural landscapes and a welcoming atmosphere, making it an ideal choice for those seeking a tranquil lifestyle. This area is characterised by its expansive green spaces, picturesque forests, and proximity to various outdoor recreational activities, including hiking, fishing, and snowmobiling. Residents can enjoy the charm of rural living while still having access to the amenities of Timmins, including shops, schools, and healthcare facilities. With its close-knit feel and stunning surroundings, TNW - Rural presents an inviting opportunity for anyone looking to embrace a peaceful, nature-oriented way of life.

Schools in the Neighbourhood

This property is conveniently located near two public schools, making it an ideal choice for families with school-aged children. The W. Earle Miller Public School, situated just 4.1 km away, serves students from Junior Kindergarten to Grade 6 and operates under the District School Board Ontario North East, offering education in English. For older students, the Timmins High and Vocational School is located 4.6 km from the property, catering to grades 9 through 12, also under the same school board and language of instruction. While both schools currently have a school rating of 0, their proximity to the property provides easy access for daily commutes. The availability of local educational institutions enhances the appeal of this location for families looking to settle in a community with educational resources. Overall, this property offers a family-friendly environment with essential schooling options within a short distance, ensuring that your children can receive quality education without the hassle of long travel times.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 565 residents. The average household size is 2.8, indicating a mix of families and individuals. The average age of residents is 41.4 years, suggesting a mature population. With an impressive average household income of $160,000, the area exhibits a low percentage of low-income households at just 4%. The average property price stands at $460,000, reflecting the area's desirability. Approximately 29.03% of residents are single, while nearly half (48.57%) of households include children, highlighting a family-friendly environment. The community is relatively stable, with only 5.41% of residents renting, and there are no condominiums present, indicating a preference for single-family homes. Educational attainment is high, with 66.32% of the population holding a college or university degree. However, a notable 25.26% of residents are not in the labor force, which may suggest a mix of retirees and those engaged in other pursuits. Additionally, the immigrant population is low at 2.7%, contributing to the area's homogeneity. Overall, this demographic snapshot paints a picture of a prosperous, family-oriented community with a strong emphasis on education.