$495,000
$525,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
177 Lakeshore RD Timmins, ON P4N 7A1
Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Tne - Hill District
MLS Listing ID T11893816
Sold Date 04/11/25
Style 2 1/2 Storey
Building Age 51-99
Annual Tax Amount $13,053
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Great investment opportunity! This property was formerly used as a 12-unit income property. The current layout may permit up to 13 units, subject to city of Timmins approval. This property is ready for renovation by a skilled handyman or contractor, having been largely stripped down to the studs. Property is being sold "as-is". Projected rental income as a 13-unit property (consisting of 11 one-bedroom units at $1,200/mth & 2 two-bedroom units @ $1,450/mth) would amount to $193,200 annually. A rare opportunity to own an income property with a view of Gillies Lake. Come have a look today! **EXTRAS** Above Grade Square Footage: 6130 , Zoning NA-R2, Hydro - Vacant, Heat - vacant, MPAC 340, water & Sewer is metered
Location
Province ON
County Cochrane
Community Tne - Hill District
Area Cochrane
Zoning NA-R2
Rooms
Family Room No
Basement Unfinished
Kitchen 0
Interior
Interior Features None
Cooling None
Exterior
Exterior Feature Deck
Parking Features Private
Pool None
Roof Type Unknown
Lot Frontage 49.85
Lot Depth 114.03
Total Parking Spaces 5
Building
Foundation Poured Concrete
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