557 Norman Street

Nestled in the heart of Timmins, at 557 Norman Street, this remarkable Multi-Family Home for sale in Timmins presents an outstanding investment opportunity for those seeking to expand their property portfolio. This well-maintained multiplex building, which boasts a stylish two-storey design clad in durable vinyl siding, is situated at the corner of Norman Street and Paul Avenue in the vibrant MTJ - Main Area community. With a generous lot size of 76 X 97 feet, this property offers ample outdoor space for tenants to enjoy, enhancing its appeal as a residential investment.

The Multi-Family Home for sale in Timmins features an impressive total of seven bedrooms spread across four self-contained apartments, each fully tenanted, ensuring a steady stream of rental income. One of the upstairs units has recently undergone renovations, elevating its charm and value. With four kitchens available, tenants can enjoy the convenience of cooking their meals in the comfort of their own homes. This thoughtful layout not only maximises the use of space but also caters to the needs of each tenant, making it a highly desirable living arrangement.

While the property does not include a central vacuum system or air conditioning, it is equipped with baseboard heating to ensure warmth during the colder months. The absence of a fireplace and pool may be noted, but the focus on functionality and comfort remains paramount. Additionally, the property is unfurnished, allowing new owners the flexibility to furnish the apartments to their liking, thereby increasing the overall appeal of the Multi-Family Home for sale in Timmins.

The building comprises a total of 14 rooms, providing ample space for tenants to thrive. Although there is no family room or additional rooms, the layout is designed to maximise privacy and comfort for all residents. The crawl space basement offers potential for storage or future enhancements, while the municipal water and sewer services ensure that essential utilities are readily available.

Parking is another highlight of this property, with space for up to four vehicles, making it convenient for both tenants and their guests. This is particularly advantageous in a bustling area like Timmins, where parking can often be a challenge. The property's proximity to public transportation further enhances its appeal, allowing residents easy access to the wider city and its amenities.

Living in this sought-after area of Timmins means residents can enjoy the benefits of nearby parks, conservation areas, and nature trails, making it an ideal location for those who appreciate the great outdoors. The availability of local amenities ensures that all essential services are within reach, adding to the convenience of living in this Multi-Family Home for sale in Timmins.

With its strategic location and well-thought-out features, this property is not just a house; it’s a fantastic investment opportunity in a thriving community. The age of the building, being between 51 to 99 years, adds a layer of character and history that many prospective buyers find appealing.

In summary, if you are in the market for a Multi-Family Home for sale in Timmins, look no further than 557 Norman Street, Timmins. With its four self-contained apartments, ample parking, and proximity to local amenities and nature, this property stands out as a prime investment. Don’t miss your chance to own a piece of this vibrant community and secure a reliable source of income through rental properties. This is indeed a unique opportunity for investors and home seekers alike.

MTJ - Main Area in Timmins is a vibrant and diverse geographic enclave that serves as the heart of the city. This bustling area boasts a rich tapestry of residential, commercial, and recreational spaces, making it an ideal location for those seeking a blend of urban convenience and natural beauty. With its well-maintained parks, local shops, and community amenities, MTJ offers a welcoming atmosphere for families and individuals alike. The area is well-connected by public transport, providing easy access to the wider city and its surrounding natural landscapes, including nearby lakes and forests. Whether you're drawn to its lively streets or the sense of community spirit, MTJ - Main Area presents a unique opportunity for a fulfilling lifestyle in Timmins.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is R. Ross Beattie Senior Public School, just 0.9 km away, catering to grades 7 and 8. For younger children, W. Earle Miller Public School, offering classes from Junior Kindergarten to grade 6, is only 1.6 km from the property. Additionally, Timmins High and Vocational School, which serves grades 9 to 12, is a mere 0.6 km away, providing easy access for older students. For families interested in French-language education, Timmins Centennial Public School is located 2.5 km away, offering classes from JK to grade 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 a range of educational options for children of all ages, promoting convenience and community engagement. This makes the property not only a comfortable living space but also a strategic choice for families prioritizing education.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 915 residents, with an average household size of 2.6 individuals. The demographic profile reveals an average age of 39 years and a robust average household income of $110,000, indicating a relatively affluent community. Notably, 12.2% of the population falls below the low-income threshold. The housing market reflects an average property price of $308,000, appealing to a diverse range of buyers. Approximately 36.05% of the population is single, while 44.64% of households include children, suggesting a family-friendly environment. The area also has a modest immigrant presence, comprising 3.91% of the population. Renters make up 29.17% of the community, with no condominiums reported, indicating a potential preference for single-family homes. Educational attainment is significant, with 50% of residents holding a college or university degree, contributing to a skilled workforce. However, a notable 34.93% of the population is not participating in the labor force, which may reflect various socio-economic factors. Overall, this community presents a blend of family-oriented living, educational achievement, and economic diversity.