$ 489.900
ON Timmins
181 Preston Street, Timmins, ON P4N3N4 Photo 1
14 Photos
181 Preston Street, Timmins, ON P4N3N4 Photo 2
181 Preston Street, Timmins, ON P4N3N4 Photo 3
181 Preston Street, Timmins, ON P4N3N4 Photo 4
181 Preston Street, Timmins, ON P4N3N4 Photo 5

181 Preston Street, Timmins

  • Bedrooms: 6
  • Bathrooms: 1
  • Type: Fourplex
  • Added: 18 days ago
  • Updated: 1 days ago
  • Last Checked: 2 hours ago
Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream
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Property DetailsKey information about 181 Preston Street

  • Heating: Forced air, Natural gas
  • Stories: 2
  • Structure Type: Fourplex
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Type: Fourplex
  • Total Square Footage: 2200
  • MPAC: 324
  • Units: 4

Interior FeaturesDiscover the interior design and amenities

  • Basement: Partially finished, N/A
  • Bedrooms Total: 6
  • Fireplaces Total: 1
  • Unit 1: Type: 4-bedroom, Rent: $2,000/month (plus hydro), Heating: Natural gas furnace (installed in 2015)
  • Unit A: Type: Bachelor, Rent: $850/month (plus hydro), Ideal for: Singles or couples
  • Unit B: Type: 1-bedroom, Rent: $1,100/month (plus hydro)
  • Unit C: Type: 1-bedroom, Rent: $820/month (all-inclusive)

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 181 Preston Street

  • Water Source: Municipal water
  • Parking Total: 4
  • Building Features: Fireplace(s)
  • Lot Size Dimensions: 53 x 80 FT
  • Desirable Area: true
  • Central Air: true

Location & CommunityUnderstand the neighborhood and community

  • Directions: Off Middleton
  • Rental Market: Strong and reliable rents
  • Tenant Profile: Variety of tenants attracted by unique layouts

Business & Leasing InformationCheck business and leasing options available at 181 Preston Street

  • Current Occupancy: Fully rented
  • Potential For Rent Increases: true

Property Management & AssociationFind out management and association details

  • Management: Low-maintenance asset

Utilities & SystemsReview utilities and system installations

  • Sewer: Sanitary sewer
  • Utilities: Sewer, Cable
  • Income From Utilities: Hydro tenants
  • Heating For Units: Unit 1: Natural gas furnace, Units A, B, C: Electric heating
  • Heating Costs: Heat: $1,140/12 months, Water-Sewer: $363/month
  • Natural Gas Fireplace: Not working

Tax & Legal InformationGet tax and legal details applicable to 181 Preston Street

  • Tax Annual Amount: 5100
  • Zoning Description: NA-R3
  • Hydro Tenants: true

Additional FeaturesExplore extra features and benefits

  • Energy Efficiency: Natural gas for heating in Unit 1
  • Budgeting Convenience: All-inclusive rent for Unit C
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Nearby Listings Stat

Active listings
19
Min Price
$64,900
Max Price
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Avg Price
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Days on Market
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Sold listings
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Min Sold Price
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Max Sold Price
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Avg Sold Price
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Days until Sold
86 days

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More Details?
Marcus Richard
  • Marcus Richard
  • REALTY NETWORKS INC.
  • 705-262-6729

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