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    For Sale - 25 Father Costello Drive, Timmins, Ontario

    Est payment $2,641/mo
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    Time on Jump  5 day

    AI Summary *

    • Turn-key 5-plex investment generating immediate rental income.
    • Modern systems ensure low maintenance and reliability.
    • All units are occupied by high-quality tenants.
    • Professional property management available for easy transitions.
    • Located in a growing area with low vacancy rates.




    This exceptional turn-key investment legal 5plex is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and hvac systems means low maintenance and long-term peace of mind. All five units are tenanted by a++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This multiplex has annual gross rental of income of $80,640; noi of $53,688 and a cap rate of 10%. The monthly cash flow is $2,153 and an roi of 23. 5% . Take part in the very rapid growth of timmins brought about by opening of new mines. Current rental vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!!
    Listing IDT14091358
    Address25 Father Costello Drive
    CityTimmins, Ontario
    Price$550,000
    Bed / Bath9 / 5 Full
    Style2-Storey, Multiplex
    ConstructionBrick, Metal/Steel Siding
    Land Size3196.88
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement UnfinishedFoundation BlockHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Brokerage: RIGHT AT HOME REALTY

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