49 Belanger Avenue

Nestled in the heart of Timmins, at 49 Belanger Avenue, this remarkable Multi-Family Home for sale in Timmins presents a fantastic investment opportunity for discerning buyers. With its prime location in the TS - SW community and a building style that boasts a charming two-storey multiplex design, this property is sure to attract attention. The exterior is clad in durable vinyl siding, ensuring both aesthetic appeal and longevity.

This property features a total of eight rooms, including four well-appointed bedrooms and two versatile dens, making it an ideal choice for families or tenants seeking spacious living arrangements. The Multi-Family Home for sale in Timmins includes three kitchens, a significant advantage for those looking to accommodate multiple families or individuals. While there is no additional kitchen, the existing kitchens are more than sufficient for the needs of the residents.

In terms of bathrooms, the house boasts three well-maintained facilities, ensuring convenience for all occupants. The main floor apartment is particularly noteworthy, as it features a two-bedroom layout with two additional rooms, making it perfect for larger families or as a lucrative rental unit. Each apartment is equipped with its own hydro meter, providing individual control over electricity usage.

The heating system is powered by a natural gas forced air furnace, which efficiently warms the entire building. However, it is worth noting that there is no air conditioning, which may be a consideration for potential buyers. Additionally, the property does not feature a fireplace, but the warmth provided by the furnace is sure to keep residents cosy during the colder months.

One of the standout features of this Multi-Family Home for sale in Timmins is its partially finished basement, which offers potential for further development or storage space. The lot measures an ample 32 by 98 feet, providing enough outdoor space for various activities, though it is important to mention that there is no swimming pool on the premises. The property is connected to municipal water and sewer services, ensuring a reliable supply for all residents.

Parking is a breeze with a private driveway that accommodates up to three vehicles, although there is no garage space available. This aspect is particularly beneficial for families with multiple cars or for tenants who may require additional parking.

As for furnishings, the property is currently unfurnished, allowing new owners the freedom to personalise the space to their liking. The age of the building, over 100 years, adds a unique character and charm that is often sought after in properties of this nature.

The projected rent roll of $52,800 annually presents an enticing opportunity for investors looking to maximise their returns. The combination of multiple living spaces, a desirable location, and the potential for rental income makes this Multi-Family Home for sale in Timmins a compelling choice for anyone looking to invest in the Cochrane area.

In summary, 49 Belanger Avenue, Timmins, is a multifaceted property that offers a wealth of possibilities. Whether you are an investor seeking a lucrative rental opportunity or a family in need of ample living space, this Multi-Family Home for sale in Timmins ticks all the boxes. With its strategic location, spacious layout, and potential for income generation, this property is not to be missed. Make sure to arrange a viewing today and discover the possibilities that await at 49 Belanger Avenue, Timmins.

The TS-SW area in Timmins is a vibrant and welcoming neighbourhood that offers a unique blend of natural beauty and urban convenience. Nestled amidst lush green spaces and picturesque landscapes, this community is characterised by its friendly atmosphere and strong sense of belonging. Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, while also being close to the stunning wilderness that Northern Ontario is renowned for. With a diverse population and a rich cultural heritage, TS-SW provides an ideal setting for those seeking a peaceful yet engaging environment to call home. Whether you’re drawn to the outdoor activities or the warmth of the local community, TS-SW has something to offer everyone.

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 2.1 km away, offering education from Junior Kindergarten to Grade 6. R. Ross Beattie Senior Public School, located only 1.0 km from the property, serves Grades 7 and 8, while Timmins High and Vocational School, situated 1.6 km away, caters to students in Grades 9 through 12. Additionally, Timmins Centennial Public School, also 1.0 km from the property, provides a French-language education for students from Junior Kindergarten to Grade 8. All schools are part of the District School Board Ontario North East, ensuring a consistent educational standard. While the school ratings are currently not available, the proximity of these schools offers convenience and accessibility for families with children at various educational stages. This makes the property an attractive option for those prioritizing education and community involvement in their home search.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 562 residents, with an average household size of 2. The demographic profile reveals an average age of 41.3 years and an average household income of $64,500. Notably, 23.2% of the population is classified as low-income, indicating some economic challenges within the community. The housing market shows an average property price of $196,000, making it relatively affordable. The community is predominantly single, with 60% of residents identifying as such, while households with children represent 24% of the population. Renters make up a significant portion at 60.71%, suggesting a high demand for rental properties. Additionally, only 3.57% of homes are condos, indicating a limited variety in housing types. Educational attainment is relatively high, with 41.18% of residents holding a college or university degree. However, 40.2% of the population is not in the labor force, which may reflect various socio-economic factors. The area is also home to a small immigrant population of 2.42%, contributing to its cultural diversity. Overall, this community presents a mix of opportunities and challenges, making it an interesting prospect for potential buyers or investors.