Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$515,000
Available - For Sale
Listing ID: X8014648
60 Dwyer Ave , Timmins, P0N 1G0, Ontario
| 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! |
| Price | $515,000 |
| Taxes: | $8941.35 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 60 Dwyer Ave , Timmins, P0N 1G0, Ontario |
| Postal Code: | P0N 1G0 |
| Province/State: | Ontario |
| Legal Description: | Plan M6T Lots 131 And 132 PCLS 695 And 3 |
| Lot Size: | 62.20 x 97.05 (Feet) |
| Directions/Cross Streets: | Lion Crest Lane And Grant St |
| Category: | Retail |
| Building Percentage: | Y |
| Total Area: | 6133.50 |
| Total Area Code: | Sq Ft |
| Retail Area: | 3022 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Financial Statement: | N |
| Chattels: | N |
| Franchise: | N |
| Sprinklers: | Y |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | San+Storm |
| Water: | Municipal |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Cochrane |
| Municipality: | Timmins |
| Lot Size: | 62.20 x 97.05(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $8,941.35 |
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