14
See all 14 photos
$464,900
Est. payment /mo
6 BD
1 BA
Price Dropped by $25K
181 Preston ST Timmins, ON P4N 3N4
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UPDATED:
02/09/2025 02:57 AM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Timmins South - West
MLS Listing ID T10406477
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,100
Tax Year 2023
Property Description
Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream **EXTRAS** MPAC 324, Total Sq.Footage 2200, Hydro Tenants, Heat $1140 /12mths, Water-Sewer $4356 / year. This property has central air. The property has gas heat and electric baseboards. The Natural gas fire place is not working.
Location
Province ON
County Cochrane
Community Timmins South - West
Area Cochrane
Zoning NA-R3
Rooms
Family Room No
Basement Partially Finished
Kitchen 4
Interior
Interior Features None
Cooling None
Fireplaces Number 1
Fireplaces Type Natural Gas
Exterior
Parking Features Private
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 53.0
Lot Depth 80.0
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by REALTY NETWORKS INC.