2301 AIRPORT ROAD, Timmins (TNW - Rural), Ontario, P4N7C3

Property Description

Rare opportunity to own a unique commercial and residential property situated on 10 acres of farm-zoned land along the beautiful Mattagami River, offering exceptional versatility and strong income potential. This four-unit residential building features a two-bedroom unit currently rented at $1,900 all-inclusive. There is also a vacant three-bedroom unit with an estimated rental potential of $2,100 all-inclusive. The owner-occupied one-bedroom unit could generate approximately $1,600 all-inclusive, and a vacant one-bedroom loft apartment with potential rental income of $1,100 all-inclusive. In addition, the on-site shop space is currently vacant and was previously leased for $3,000 per month on a triple net basis, providing excellent commercial income opportunity. With riverfront setting, expansive acreage, and multiple revenue streams, this property presents a rare chance for investors or owner-operators to capitalize on both residential and commercial potential. Mpac code 313, Hydro $340 monthly, Gas $500 Monthly, water and sewer $0 (id:64974)

Quick Facts

• Property Type: Other
• Style: Bungalow
• Bedrooms: 7 (7 above)
• Bathrooms: 4
• Fireplaces: Yes
• Parking: 40 spaces (Detached Garage, Garage)
• Frontage: 1,031 ft (314.3 m)

Costs

• Annual Taxes: $6,251.00

Listing Provided by: REALTY NETWORKS INC.
Board: Timmins, Cochrane & Timiskaming District Association of REALTORS®
Data provided via CREA DDF®.