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25 FATHER COSTELLO DRIVE, Timmins (SCH - Main Area) — listed at $550,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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!!!!! (id:60164)
What's the parking situation?+
This property includes 2 spaces — No Garage.
Is this a good starter home?+
At $550,000, this is priced in starter-home territory for Timmins (SCH - Main Area). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,520, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 25 FATHER COSTELLO DRIVE a good fit for a growing family?+
With 9 bedrooms and 5 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
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