60 Dwyer AVE , Timmins ON P0N 1G0

Sale $515,000 |

Listing # TM240139

Steve Kidd

Sales Representative

Phone: 705.360.7000
Fax: 705.360.7770
Mobile: 705.274.1173

stevekidd@royallepage.ca

Royal LePage Northern Realty Leaders, Brokerage (Independently owned and operated)

Brokerage

654 RIVERSIDE DR
TIMMINS, ON P4N3V8

Phone: 705.360.7000
Fax: 705.360.7770
northernrealtyleaders@royallepage.ca

Remarks:

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!

Commercial : Commercial Business

Lot Frontage:	63.2
Lot Depth:	97.05 feet
Floor Space (approx):	2220 Square Feet

Property Features:

ACCESS:	Municipal Road
Age (Building):	26+ Years
District:	Schumacher
BASEMENT:	None
BUSINESS TYPE:	Retail
Environmental Audit:	No
Fronting On:	East
HEATING SOURCE:	Natural Gas
HEATING TYPE:	Forced Air
ICI TYPE:	Investment
Major Area:	Timmins
Occupancy:	Tenant
Property Size:	0.0 - 0.49 Acres
PROPERTY FEATURES:	Air Conditioning , Overhead Doors , Sprinkler System
SERVICES AVAILABLE:	Hydro , Natural Gas , Street Lights , Telephone
SEWER/SEPTIC:	Sewer
Sub District:	Main area
WATER/WELL:	Municipal Water

Royal LePage Northern Realty Leaders, Brokerage (Independently owned and operated)

Brokerage

654 RIVERSIDE DR
TIMMINS, ON P4N3V8

Phone: 705.360.7000
Fax: 705.360.7770
northernrealtyleaders@royallepage.ca

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