262 - 264 Tamarack Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Timmins , situated at 262 - 264 Tamarack Street, Timmins. This solid income property is a two-storey multiplex that boasts a prime location in the TNE - Hill District, an area renowned for its strong rental demand. The property features a total of four units, comprising one spacious three-bedroom apartment, one two-bedroom apartment, and two one-bedroom apartments, making it an ideal investment for those seeking reliable rental income.

As you approach the Multi-Family Home for sale in Timmins, you will notice the attractive exterior, clad in durable vinyl siding, which contributes to the overall appeal of the property. The building sits on a lot measuring 30 by 92 feet, providing ample space for its residents while maintaining a manageable footprint. The property is conveniently located at the intersection of Tamarack Street and 8th Avenue, ensuring easy access to local amenities and services in the vibrant city of Timmins.

Inside, the property features a total of eight rooms, including four well-appointed kitchens that cater to the needs of each unit. While there is no additional kitchen, the existing facilities are more than adequate for the residents. The property includes five bedrooms in total, complemented by a den that can serve as an office or additional living space. With four bathrooms distributed throughout the units, residents will enjoy convenience and privacy, making this Multi-Family Home for sale in Timmins a highly desirable option for tenants.

The finished basement offers additional space, which could be utilised for storage or communal activities, enhancing the overall functionality of the property. It is worth noting that the home does not feature a family room, central vacuum system, or fireplace, but these aspects are easily overshadowed by the property's strengths. The absence of air conditioning may be a consideration for some, but the forced air heating system ensures that the home remains warm and comfortable during the colder months.

Parking is not an issue at this Multi-Family Home for sale in Timmins, as it offers front yard parking with private triple spaces, accommodating up to three vehicles. This is particularly advantageous for tenants who may have multiple cars or visitors. The property is connected to municipal water and sewer services, ensuring that residents have access to essential utilities without any hassle.

As an unfurnished property, the Multi-Family Home for sale in Timmins presents an excellent opportunity for investors to tailor the living spaces to their preferences or to enhance the appeal of the units for potential tenants. With three of the four units already occupied, the property generates immediate revenue, while the vacant unit provides an opportunity for new owners to add their personal touch and increase rental returns.

With an age range of 51 to 99 years, this property carries a sense of history and character that can be appreciated by both investors and tenants alike. The additional land of less than 0.50 acres surrounding the property allows for potential future development or landscaping, further enhancing the value of this investment.

In summary, the Multi-Family Home for sale in Timmins at 262 - 264 Tamarack Street, Timmins, is a fantastic investment opportunity that should not be overlooked. With its strong rental potential, desirable location, and well-structured units, this property is poised to be an exciting addition to any investment portfolio. Whether you are a seasoned investor or a first-time buyer looking to enter the rental market, this property offers the stability and opportunity that many seek. Don’t miss out on the chance to make this Multi-Family Home for sale in Timmins your next successful investment!

TNE - Hill District, nestled within the vibrant city of Timmins, offers a unique blend of natural beauty and urban convenience. This charming geographic area is characterised by its rolling hills and lush green spaces, providing residents with picturesque views and ample opportunities for outdoor activities. The neighbourhood is well-connected to the city centre, ensuring easy access to local amenities, shops, and cultural attractions. With a welcoming atmosphere and a strong sense of place, TNE - Hill District is an ideal setting for those seeking a tranquil yet connected lifestyle in the heart of 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'll find W. Earle Miller Public School, just 1.7 km away, offering grades JK to 6 in English. For older children, R. Ross Beattie Senior Public School is only 1.4 km from the property, catering to grades 7 and 8, also in English. Timmins High and Vocational School, located 1.8 km away, serves grades 9 to 12, providing a pathway for higher education and vocational training. Additionally, Timmins Centennial Public School, situated 2.1 km from the property, offers a French-language curriculum for grades JK to 8. All schools are part of the District School Board Ontario North East, ensuring a consistent quality of education. While the school ratings are currently listed as 0, the proximity of these institutions makes this property an attractive option for families seeking educational opportunities for their children. With a variety of schools available, parents can choose the best fit for their child's educational needs, all within a convenient distance from home.