60 Dwyer Avenue Timmins, Ontario P0N 1G0
$515,000
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 tenant is required to cover property taxes and maintenance fees, 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 its gem, so don't miss out on this opportunity! (id:58770)
Property Details
| MLS® Number | X8014648 |
| Property Type | Business |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 6133.5 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 97 Ft |
| SizeFrontage | 62 Ft ,2 In |
| SizeIrregular | 62.2 X 97.05 Ft |
| SizeTotalText | 62.2 X 97.05 Ft |
| ZoningDescription | Commercial Na-cn Na-r3 |
https://www.realtor.ca/real-estate/26436617/60-dwyer-avenue-timmins
Interested?
Contact us for more information
Sarnail Singh
Broker
2520 Eglinton Ave West #207c
Mississauga, Ontario L5M 0Y4
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 16 2024 06:12:40
Toronto Real Estate Board
Royal LePage Real Estate Services Ltd.