25 FATHER COSTELLO DRIVE, Timmins (SCH - Main Area)

$550,000

For sale: Multiplex

Multiplex at 25 FATHER COSTELLO DRIVE, Timmins (SCH - Main Area)
Property type
Multiplex
Bedrooms / bathrooms
9 bedrooms, 5 bathrooms
Living area
2,000 sqft
MLS®
MLS® T14091358
Neighbourhood
SCH - Main Area

This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!!

Sold data

Homes in Sch Main Area — recent sold market

Homes in Sch Main Area took a median of 27 days to sell over the last 730 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 57, across 38 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 28 days.

The median sale price was $172,450.

Homes sold for about 3.9% below asking on average, so there was room to negotiate.

About 21% of sales closed above the list price.

Around 29% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$172,450
Sale-to-list ratio
96.1%
Sold above asking
21%

Based on 38 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Timmins (SCH - Main Area)

Timmins (SCH - Main Area) has 8 Fraser Institute–rated schools (5 elementary and 3 secondary), averaging 4.2/10.

Rated schools
8
Elementary
5
Secondary
3
Average rating
4.2 / 10

Top-rated schools in Timmins (SCH - Main Area)

  • Lionel-Gauthier — elementary, TimminsFraser rating 6.7/10
  • O'Gorman — secondary, TimminsFraser rating 5.3/10
  • Don-Bosco — elementary, TimminsFraser rating 4.4/10
  • Theriault — secondary, TimminsFraser rating 4.4/10
  • W Earle Miller — elementary, TimminsFraser rating 4.3/10
  • Timmins — secondary, TimminsFraser rating 3.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 25 FATHER COSTELLO DRIVE