26 Maple Street N

Attention investors! Here lies an exceptional opportunity to acquire a Multi-Family Home for sale in Timmins , located at 26 Maple Street N, Timmins. This impressive property comprises two separate buildings on a single lot, making it a lucrative investment for those looking to expand their portfolio in the vibrant community of TNE - Central, Timmins.

The main house features a spacious three-bedroom unit, complemented by a well-appointed renovated two-bedroom basement unit, while the back house offers a charming two-bedroom home complete with a full basement. The main house spans approximately 1,450 square feet, and the back house provides an additional 600 square feet of living space. This Multi-Family Home for sale in Timmins is designed to maximise rental income potential, with all three units currently occupied, generating a robust gross rent of $4,164 per month, amounting to an impressive $49,968 per year.

As you explore the exterior of the property, you will notice the attractive vinyl siding that enhances its curb appeal. The lot measures 30 by 120 feet, providing ample outdoor space for tenants to enjoy. While there is no pool on the premises, the fenced yard offers a secure environment for children and pets alike. Additionally, parking is a breeze with space for three vehicles on the private driveway, ensuring convenience for all residents of this Multi-Family Home for sale in Timmins.

Inside, the property boasts a total of 12 rooms, including three kitchens, which are essential for each of the units. The absence of a den or family room may be noted, but the layout is well-suited for multi-family living. The house features three bathrooms, allowing for a comfortable living experience for all tenants. Although there is no central air conditioning or central vacuum system, the baseboard heating ensures that the property remains warm and inviting during the colder months.

The property benefits from municipal water and sewer services, which is a significant advantage for any landlord. The full basement provides additional storage options, enhancing the functionality of this Multi-Family Home for sale in Timmins. The age of the building, between 51 to 99 years, adds character and charm, while recent updates, including a new roof installed in 2019 and a furnace replacement in 2020, ensure that the property is in good condition for years to come.

With separate hydro and gas meters, future owners have the option to pass utility costs on to tenants, further enhancing the investment potential of this property. The landlord's current expenses for utilities and property taxes are approximately £16,000 per year, based on recent actuals, making this Multi-Family Home for sale in Timmins an attractive financial prospect.

In summary, 26 Maple Street N, Timmins, offers a unique investment opportunity in a desirable location. With its strong rental income, well-maintained condition, and the potential for future growth, this Multi-Family Home for sale in Timmins is not to be missed. Whether you are an experienced investor or new to the property market, this property is sure to meet your needs and expectations. Don’t hesitate to seize this chance to invest in a thriving community and secure your financial future today!

TNE - Central, located in the heart of Timmins, Ontario, offers a unique blend of urban convenience and natural beauty. This vibrant area is characterised by its mix of residential and commercial spaces, providing easy access to essential amenities such as shops, schools, and recreational facilities. Surrounded by lush green parks and scenic trails, TNE - Central is ideal for those who appreciate outdoor activities while still enjoying the comforts of city living. With a strong sense of community spirit and a diverse population, it’s a welcoming place for new residents to settle in and thrive.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families with children. Within a short distance, you will find W. Earle Miller Public School, just 1.9 km away, catering to grades JK to 6 and offering English language instruction. For older students, R. Ross Beattie Senior Public School is only 1.0 km away, serving grades 7 and 8, while Timmins High and Vocational School, located 1.6 km from the property, accommodates grades 9 to 12. Additionally, Timmins Centennial Public School, situated 1.3 km away, provides education in French for grades JK to 8. All these schools are part of the District School Board Ontario North East, ensuring a consistent educational framework. While the school ratings are currently listed as 0, the proximity to these institutions offers a variety of options for education in both English and French, catering to diverse learning needs. This accessibility to schools not only enhances the appeal of the property but also supports a family-friendly community atmosphere.