LOADING

60 Dwyer Ave Timmins, Ontario P0N 1G0

6133.5 sqft
Fully Air Conditioned

$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:53047)

Property Details

MLS® Number X8014648
Property Type Business

Building

CoolingType Fully Air Conditioned
SizeInterior 6133.5 Sqft
UtilityWater Municipal Water

Land

Acreage No
SizeIrregular 62.2 X 97.05 Ft
SizeTotalText 62.2 X 97.05 Ft

https://www.realtor.ca/real-estate/26436617/60-dwyer-ave-timmins

Interested?

Contact us for more information


Generating Captcha

Your Favourites

 

No Favourites Found