+10 more
6
Bedrooms
5
Bathrooms
6
Parking
About This Property
This 6-bedroom, 5-bathroom multi-family in Timmins is available for your consideration. 2 storeys. The property has lot dimensions of 52.9 x 80.9 FT, cross street Middleton, zoned NA-R3. The home features forced air, natural gas heating, central air conditioning, a finished basement, a fireplace.
MLS Remarks
This legal four-plex is located in a strong, desirable neighborhood extremely close to the newly constructed Francophone Health Centre, making it an ideal long-term investment with stable tenant demand. The property is fully income producing and offers a solid revenue stream with excellent upside. The building consists of four self-contained units with a strong rental mix. The current rental income totals $4,850 per month or $58,200 annually. The main unit at 181 Preston rents for $2,000 per month plus utilities. Unit A at 147 Middleton rents for $850 per month plus utilities. Unit C at 147 Middleton rents for $880 per month with the owner paying hydro. Unit D at 147 Middleton rents for $1,120 per month plus hydro. Operating costs are well managed. Water and sewer are approximately $4,824 annually, property taxes are $5,592 per year, Reliance hot water rental is $759.24 per year, insurance is $2,959.20 annually, and hydro for one unit is approximately $1,260 per year, for total operating expenses of $16,654.44 annually. This produces a net operating income of approximately $41,545.56 per year. Based on an asking price of $399,900, the property delivers an approximate 10.4% cap rate, making this an exceptionally strong cash-flowing investment. This is a rare opportunity to acquire a legal four-plex in a prime location with proven income, excellent tenant demand, and outstanding investment fundamentals. MPAC 324, Total Sq.Footage 2200, Hydro Tenants, Heat $1140 /12mths, Water-Sewer $4356 / year.
Property History
| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Jan 15, 2026 | Listed For Sale | T12700192 | $399,900 | — |
| Sep 1, 2025 | Expired | T11998963 | $444,900 | — |
| Mar 3, 2025 | Listed For Sale | T11998963 | $464,900 | — |
| Mar 1, 2025 | Expired | T10406477 | $464,900 | — |
| Nov 4, 2024 | Listed For Sale | T10406477 | $489,900 | — |
| — | Price Changed | T11998963 | $444,900 | ▼ $20,000 (4.3%) |
| — | Price Changed | T10406477 | $464,900 | ▼ $25,000 (5.1%) |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
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