6128 King Street

If you're on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Timmins . Located at 6128 King Street, Timmins, this well-maintained multiplex is situated in the heart of the Porcupine - East community, making it a prime spot for both tenants and investors alike. With the Northlander rail service terminal currently under construction just a stone's throw away, this property is set to gain even more long-term appeal, connecting Toronto to Timmins and enhancing its desirability.

This bungalow-style building boasts a robust brick exterior, providing both durability and a classic aesthetic. The property features a total of eight rooms, including four well-equipped kitchens—perfect for accommodating multiple families or groups. Although there are no bedrooms in the traditional sense, the layout includes eight den spaces, offering ample room for various uses. With four bathrooms available, convenience is at the forefront, ensuring that everyone has their own space to get ready in the mornings.

One of the standout features of this Multi-Family Home for sale in Timmins is the full, finished basement, which can be a great asset for additional storage or recreational space. The property does not come with a pool or a fireplace, but it does have municipal water and sewer services, ensuring all your essential needs are met. The heating is provided by a baseboard system, and while there is no air conditioning or central vacuum system, the property is well-equipped with internet access, making it suitable for modern living.

Parking will never be an issue here, as the property offers private driveway access with space for up to eight vehicles. This is particularly beneficial for tenants who may have multiple cars or visitors. The lot measures a generous 66 by 132 feet, providing ample outdoor space, although there is no additional land included with the property.

The layout of the four units is identical, each featuring two bedrooms and one full bathroom, along with in-unit laundry hookups and individual 100-amp electrical services. This uniformity not only simplifies management for the owner but also makes renting out the units a breeze, as potential tenants will appreciate the consistency in quality and layout.

If you're considering expanding your investment portfolio, this Multi-Family Home for sale in Timmins at 6128 King Street, Timmins, is an excellent choice. The combination of a prime location, spacious living arrangements, and the potential for increased demand due to the nearby rail service makes this property a smart investment.

Moreover, the lack of furnishings means you can personalise the space to attract your ideal tenants, whether they’re families, professionals, or students. The absence of a garage may seem like a drawback, but with the ample parking available, it shouldn’t pose a problem for prospective tenants.

In summary, this Multi-Family Home for sale in Timmins is not just a property; it’s a golden opportunity waiting to be seized. With its strategic location at 6128 King Street, Timmins, and the promise of future growth in the area, you’d be hard-pressed to find a better investment in the Cochrane area. Don’t miss out on the chance to make this well-maintained multiplex a part of your portfolio—opportunities like this don’t come around often!

Porcupine - East, a charming geographic enclave within the city of Timmins, offers a unique blend of natural beauty and small-town charm. Nestled amidst lush forests and scenic landscapes, this area is characterised by its tranquil atmosphere and close-knit feel. Residents can enjoy a variety of outdoor activities, from hiking and fishing to exploring the nearby lakes and parks. The community boasts essential amenities, including local shops and schools, making it an ideal location for families and individuals seeking a peaceful yet connected lifestyle. With its rich history and welcoming spirit, Porcupine - East is a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Golden Avenue Public School, situated just 3.9 km away, offering English-language education for grades JK to 6. Similarly, Bertha Shaw Public School is only 3.6 km from the property, providing French-language instruction for the same grade levels. For secondary education, Roland Michener Secondary School is located 4.0 km away, catering to students from grades 9 to 12 in both English and French. 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 to multiple schools in both English and French offers a diverse range of options for parents and students alike. This accessibility to quality education is a significant advantage for families considering this property, as it fosters a supportive community environment for children's growth and learning. Overall, the surrounding schools contribute positively to the appeal of this property, making it a great investment for families prioritizing education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, tight-knit community with a population of 520 residents and an average household size of 2.4. The average age of residents is 40.1 years, indicating a mature population. Economically, the area boasts a robust average household income of $119,000, with only 6.8% of the population classified as low-income. The average home price stands at $248,000, reflecting a stable real estate market. Socially, the community is diverse, with 41.94% of households having children and 38.37% of residents identifying as single. Notably, there are no reported immigrants in the area, and renters make up 20% of the population. The educational attainment is high, with 51.25% of residents holding a college or university degree. However, a significant portion of the population, 35%, is not actively participating in the labor force. This demographic snapshot suggests a well-educated, family-oriented community with a strong economic foundation, making it an appealing location for potential homebuyers and investors alike.