290 - 292 Spruce Street S

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Timmins , located at 290 - 292 Spruce Street S, Timmins. This well-maintained multiplex is an ideal investment for those looking to expand their portfolio or secure a property with robust rental potential. With a strategic location in the TS - SE community of Timmins, this property boasts easy access to a plethora of amenities, including shopping centres, schools, and public transportation, making it an attractive option for prospective tenants.

The building, which has stood the test of time since its construction in 1937, features a classic two-storey design clad in durable vinyl siding. The property encompasses a generous lot measuring 30 X 131 feet, providing ample outdoor space, while the detached garage offers additional rental income potential. The garage is conveniently accessible year-round from the laneway, further enhancing the property's appeal. This Multi-Family Home for sale in Timmins is truly a standout investment opportunity.

Inside, the property comprises a total of ten rooms, including two well-appointed kitchens, four bedrooms, and two bathrooms. The main floor unit features a comfortable one-bedroom layout, accompanied by a bathroom, while the upstairs unit offers a more spacious two-bedroom configuration, also with a bathroom. Both units are currently tenanted, presenting a turnkey opportunity for investors seeking immediate rental income. The presence of two hydro meters allows tenants to manage their own utilities, adding to the convenience and desirability of this Multi-Family Home for sale in Timmins.

Despite its many advantages, this property does not include central air conditioning, a pool, or a fireplace, which may be considerations for some buyers. However, the family room provides a welcoming space for relaxation and socialising, while the unfinished basement offers potential for future development or additional storage. The heating system is water-based, ensuring a warm and comfortable environment during the colder months. The property is connected to municipal water and sewer services, further simplifying maintenance for the new owner.

The age of the building, ranging between 51 to 99 years, adds character and charm, making it a unique addition to the local landscape. The annual insurance cost is approximately £2,146.00, and the water and sewer expenses total around £2,643.94, providing transparency for prospective buyers regarding ongoing costs. With the heating bills averaging £299 and £341, this Multi-Family Home for sale in Timmins is not only a sound investment but also a manageable one.

For those seeking a property that combines convenience, potential income, and a prime location, 290 - 292 Spruce Street S, Timmins, is an exceptional choice. With parking space for up to four vehicles, this property caters to the needs of tenants, ensuring a steady demand for rental units. The absence of a central vacuum system and additional land of less than 0.50 acres means that maintenance is straightforward, allowing you to focus on maximising your investment.

In conclusion, this Multi-Family Home for sale in Timmins represents an outstanding opportunity for investors or those looking to enter the rental market. With its strategic location, well-maintained condition, and existing rental income, this property at 290 - 292 Spruce Street S, Timmins, is certainly worth your consideration. Don't miss out on the chance to secure a valuable asset in a thriving community. Whether you are an experienced investor or a first-time buyer, this property has much to offer and is poised to deliver strong returns in the years to come.

TS - SE, located within the city of Timmins, is a vibrant and welcoming geographic area that boasts a unique blend of natural beauty and urban convenience. Surrounded by lush forests and picturesque landscapes, this community offers residents a tranquil lifestyle while still providing easy access to the amenities of Timmins, including shops, schools, and recreational facilities. The area is known for its strong sense of community spirit, with various local events and activities that foster connections among residents. Whether you enjoy outdoor pursuits such as hiking and fishing or prefer the cultural offerings of the city, TS - SE presents an appealing option for those seeking a balanced and fulfilling life in Northern Ontario.

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 Schumacher Public School, just 2.3 km away, offering grades from Junior Kindergarten to Grade 6, and R. Ross Beattie Senior Public School, located 1.9 km away, catering to students in grades 7 and 8. For older students, Timmins High and Vocational School is situated 2.4 km from the property, providing education for grades 9 through 12. Additionally, Timmins Centennial Public School, located only 1.0 km away, 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 educational standard. While the school ratings are currently not specified, the proximity of these institutions offers families a range of options for their children's education, enhancing the appeal of this property for potential buyers seeking a family-friendly neighborhood.