Commercial/retail For Sale - 60 Dwyer Ave, Timmins, Ontario P0N 1G0

location_on 60 Dwyer Ave, Timmins

Commercial/retail

60 Dwyer Ave

Timmins, Ontario P0N 1G0

$515,000

For Sale

Property Information

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 tenants is required to cover property taxes and maintenance frees, 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 this gem, so don’t miss out on this opportunity!

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : T9278655
Price : $515,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 299
Address
Postal Code : P0N 1G0
City : Timmins
Street : Dwyer
Street Number : 60
Street Suffix : Ave
Floor Number : 0
Longitude : W82° 42' 12.8''
Latitude : N48° 28' 30.7''
Features
Heating System : Gas Forced Air Closd
Brokerage
Office Name : Royal Lepage Real Estate Services Ltd.
Extra Information
Area : Cochrane
living_area : 0
living_area_unit : Sqft
Lease : Sale
Tax Year : 2023

Mortgage Amount Calculator

$
%

Share Listing

60 Dwyer Ave Timmins, Ontario P0N 1G0