REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 525,000
Est. payment /mo
Price Dropped by $24K
177 Lakeshore RD Timmins, ON P4N 7A1
UPDATED:
01/31/2025 08:48 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Tne - Hill District
MLS Listing ID T11893816
Style 2 1/2 Storey
Annual Tax Amount $13,053
Tax Year 2024
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!
Location
State 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
Inclusions as-is
Exterior
Exterior Feature Deck
Parking Features Private
Garage Spaces 5.0
Pool None
Roof Type Unknown
Lot Frontage 49.85
Lot Depth 114.03
Total Parking Spaces 5
Building
Foundation Poured Concrete
Listed by ROYAL LEPAGE NORTHERN REALTY LEADERS