315 Pine Street S

Nestled in the heart of Timmins, at 315 Pine Street S, this remarkable Multi-Family Home for sale in Timmins presents an exceptional investment opportunity. This well-maintained multiplex, located at the corner of Pine and Kimberly, boasts a charming two-storey design and is enveloped in attractive vinyl siding, offering both durability and aesthetic appeal. With a generous lot size of 30 x 100 feet, this property is perfectly situated within the TS - SE community of Timmins, making it an ideal choice for those looking to invest in a thriving area.

This Multi-Family Home for sale in Timmins features three spacious two-bedroom units, each providing a comfortable living space. The upstairs unit currently commands a rental price of £1,400, while the main floor unit is rented at £1,500, and the basement unit at £1,100. This diverse rental income not only highlights the property's potential for profitability but also reflects the demand for quality housing in the region. With a total of five rooms across the three units, this property caters to a variety of tenants, ensuring a steady stream of income.

The interior of this Multi-Family Home for sale in Timmins is designed for functionality and convenience. Each unit is equipped with its own kitchen, allowing for independence and privacy for tenants. However, it is worth noting that there are no additional kitchens or a family room within the property, which may appeal to those seeking a straightforward rental arrangement without excess amenities. The absence of a den and central vacuum system is compensated by the full basement, which offers ample storage space and potential for further development.

In terms of utilities, this property is connected to municipal water and sewer services, ensuring reliable access to essential amenities. While there is no air conditioning or fireplace, the building is heated by a reliable system, providing comfort throughout the year. The property does not feature a swimming pool, which may be advantageous for those looking to minimise maintenance costs. Additionally, the property is unfurnished, allowing new owners the freedom to personalise the space to their liking.

Parking is made easy with a detached garage space that accommodates one vehicle, along with additional parking space for up to five cars. This is particularly beneficial in a bustling community like Timmins, where off-street parking can be a valuable asset. The absence of a driveway means that tenants will rely on the available parking spaces, but the generous allocation should suffice for the needs of the residents.

Financially, this Multi-Family Home for sale in Timmins is a sound investment. The yearly gas expense is approximately £2,700, while hydro costs are around £3,200, and water and sewer charges total £3,753. These figures provide a clear picture of the operating costs associated with the property, allowing potential buyers to assess the profitability of their investment accurately.

In summary, 315 Pine Street S, Timmins, offers a fantastic opportunity for investors looking to acquire a Multi-Family Home for sale in Timmins. With three well-rented units, a strategic location in a desirable community, and essential amenities, this property stands out as a lucrative investment. Whether you are an experienced investor or new to the property market, this multiplex is worth considering. Don’t miss out on the chance to make this Multi-Family Home for sale in Timmins your next successful venture!

TS - SE, located in the city of Timmins, is a vibrant and welcoming geographic area that offers a unique blend of natural beauty and urban convenience. Nestled amidst the stunning landscapes of Northern Ontario, this community is characterised by its picturesque surroundings, including lush forests and serene waterways, making it an ideal spot for outdoor enthusiasts. Residents enjoy a sense of tranquillity while being just a stone's throw away from the amenities of Timmins, including shops, schools, and recreational facilities. With a friendly atmosphere and a strong sense of local pride, TS - SE is a charming place to call home, where you can embrace both the comforts of city living and the splendour of nature.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is Timmins Centennial Public School, just 0.9 km away, offering French language instruction for grades JK to 8. For older children, R. Ross Beattie Senior Public School, which serves grades 7 to 8, is only 1.8 km from the property. Additionally, Timmins High and Vocational School, catering to grades 9 to 12, is located 2.4 km away, providing a pathway for students to continue their education. Schumacher Public School, situated 2.5 km from the property, offers English language instruction for younger students from JK to 6. 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 to these institutions enhances the appeal of this property for families seeking a supportive educational environment. With a variety of schooling options within a short distance, this location is ideal for families prioritizing education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 683 residents and an average household size of 2.1. The average age of residents is 38.2 years, indicating a relatively young population. The area boasts an average household income of $66,800, with 18% of the population classified as low-income. The average property price is $180,000, making it an accessible market for potential buyers. Notably, 59.29% of the population is single, and 29.41% of households have children, suggesting a diverse mix of family structures. Additionally, 56.25% of residents are renters, reflecting a rental-friendly environment, while there are no condominiums available in the area. Educational attainment is significant, with 42.55% of the population holding a college or university degree. However, a considerable portion, 31.91%, is not in the labor force, which may impact the local economy. The area also has a small immigrant population of 5.31%, contributing to its cultural diversity. Overall, this community presents a blend of young, educated individuals and families, with a focus on rental living and moderate income levels.