245 Cedar Street N

Nestled in the heart of Timmins, this impressive Multi-Family Home for sale in Timmins at 245 Cedar Street N, Timmins, is an exceptional investment opportunity that you won’t want to miss. This property boasts two buildings on a single lot, each housing two apartments, making it a versatile choice for both seasoned investors and those looking to step into the rental market. The front house features a spacious layout with one two-bedroom unit and one three-bedroom unit, while the back house offers two additional two-bedroom units. With a total of 16 rooms, including eight bedrooms and four bathrooms, this Multi-Family Home for sale in Timmins is designed for comfort and convenience.

The front house, which is the corner building, has seen several updates that enhance its appeal. The shingles were replaced in 2021, and a new gas forced air furnace was installed in 2018. Most notably, the boiler heating system was replaced in 2023, ensuring efficient heating for the tenants. The main floor apartments benefit from access to a laundry room located in the unfinished basement, making it easy for residents to manage their laundry needs without hassle. Although the basement is unfinished, it offers potential for additional storage or future development.

At 245 Cedar Street N, Timmins, the property is situated on a generous lot measuring 31 by 112 feet, providing ample outdoor space for tenants to enjoy. While there is no pool or garage, the property does include parking space for three vehicles, ensuring that residents have convenient access to their cars. The absence of a central vacuum system and air conditioning may be noted, but the property is well-equipped with municipal water and sewer services, making it a practical choice for renters.

One of the standout features of this Multi-Family Home for sale in Timmins is its prime location. Being centrally located means that tenants will have easy access to schools, parks, and churches, which is a significant draw for families and individuals alike. The community in TNE - Central is vibrant and welcoming, adding to the overall appeal of the property. The potential for generating income is substantial, with the property currently bringing in an impressive $60,918.72 in gross rents annually as of September 2025.

The additional features of this property include four kitchens, providing each unit with its own cooking space, which is a major plus for tenants. However, it is worth noting that there are no additional rooms or features beyond what has been described, which keeps the focus on the essentials that make this Multi-Family Home for sale in Timmins a solid investment.

For those interested in the investment potential, the property comes with a Fire Retrofit Certificate valid until January 2026, ensuring compliance with safety regulations. The front house has one owned hot water tank, while two others are rented, which is a common arrangement in multi-family homes. This setup can help manage costs effectively for the landlord while providing reliable hot water for tenants.

In summary, 245 Cedar Street N, Timmins, is a turn-key investment opportunity that combines a well-maintained property with a strategic location. With eight bedrooms, four bathrooms, and a robust rental income, this Multi-Family Home for sale in Timmins is not just a property; it’s a chance to invest in a thriving community. Whether you’re looking to expand your property portfolio or enter the rental market, this home offers everything you need to succeed. Don’t miss out on this fantastic opportunity to own a piece of Timmins real estate!

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 diverse mix of residential properties, local shops, and essential amenities, making it an ideal location for those seeking a balanced lifestyle. With well-maintained parks and green spaces, residents can enjoy outdoor activities while still being close to the bustling downtown area. TNE - Central boasts a strong sense of community spirit, where neighbours often come together for local events and activities, fostering a welcoming atmosphere for newcomers. Whether you’re drawn to the rich cultural heritage or the accessibility of services, TNE - Central presents an appealing option for anyone considering a move to Timmins.

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 1.5 km away, catering to grades JK to 6, and R. Ross Beattie Senior Public School, only 1.1 km away, which serves grades 7 to 8. For older students, Timmins High and Vocational School is also 1.5 km from the property, offering education for grades 9 to 12. Additionally, Timmins Centennial Public School, located 1.9 km away, provides French-language instruction for grades JK to 8. All these schools are part of the District School Board Ontario North East and are public institutions, ensuring accessible education for your children. While the schools currently have a rating of 0, their proximity to the property enhances the appeal for families looking for convenient schooling options. This area offers a supportive community environment for students and parents alike, making it a desirable location for family living.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 493 residents, with an average household size of 2.2 individuals. The community is relatively young, with an average age of 36.7 years. The average household income stands at $79,500, although 14% of the population is classified as low-income. The average property price in the area is $188,000, making it an accessible option for many buyers. A significant portion of the population, approximately 43.75%, is single, while 37.04% of households include children, indicating a mix of family structures. Renters comprise a majority at 51.06%, reflecting a rental-friendly market. Interestingly, there are no condominiums in the area, which may appeal to those seeking single-family homes. The educational attainment is notable, with 45.45% of residents holding a college or university degree, highlighting a well-educated community. However, 23.86% of the population is not in the labor force, which may indicate a need for job opportunities. Additionally, immigrants make up 7.62% of the population, contributing to the area's diversity. Overall, this demographic profile suggests a vibrant community with a mix of families, singles, and a focus on education.