60 Dwyer Ave, Timmins MLS Number: T9278655
Timmins, Cochrane, ON, P0N 1G0$515,000
Status: For Sale
- Property Type: Commercial (Commercial)
- Property Taxes : $8941.35 (Tax Year:2023)
- Listing Courtesy : Royal Lepage Real Estate Services Ltd.
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$515,000
Status: For Sale
This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenants is required to cover property taxes and maintenance frees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s. The Seller is highly motivated to sell and is eager to show this gem, so don't miss out on this opportunity!
Property Type | :Commercial |
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MLS Number | :T9278655 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :11 Dec, 2024 (14 Days ago) |
Source | :TRREB |
Area | :Cochrane |
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Postal Code | : P0N 1G0 |
Price | : $515,000 |
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Property Taxes | :$8941.35 |
Tax Year | :2023 |
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Cross Street | :corner of Grant St & Dwyer Ave |
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22 Jan, 2024
TREB #X8014648
Available
$515000.0
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