60 Dwyer Avenue Timmins, Ontario P0N 1G0
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$515,000
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! (id:58072)
Property Details
| MLS® Number | X8014648 |
| Property Type | Business |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 6133.5 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 62.2 X 97.05 Ft |
| Size Total Text | 62.2 X 97.05 Ft |
https://www.realtor.ca/real-estate/26436617/60-dwyer-avenue-timmins
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May 14 2024 05:03:12
Toronto Real Estate Board
Royal LePage Real Estate Services Ltd.