$515,000
FOR SALE

Investment

Lot: 62.2 x 97.05 ftTotal Area: 6,133.5 ft2
2023 Taxes: $8,941.35

60 Dwyer Ave
Timmins, ON P0N 1G0 | Cochrane

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!
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Listed By ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8014648
Last Updated Jan 24, 2024
Property Summary
Property Type Investment

More like this:
Category Retail
PIN 654070216
Legal Description Plan M6T Lots 131 And 132 PCLS 695 And 3253WT
Occupancy Tenant
Possession Date TBA
Taxes (2023) $8,941.35
Tax Type Annual
Directions/Cross Streets Lion Crest Lane And Grant St
Area Cochrane
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 62.2 x 97.05 ft
Retail Area 3,022 ft2
Total Area 6,133.5 ft2
Approximate Age 51-99
Elevator None
Air Conditioning Y
Basement N
Chattels N
Garage Type Outside/Surface
Heat Type Gas Forced Air Closd
Financial Statement N
% Building 49
Outside Storage N
Soil Test N
Sprinklers Y
Sewers San+Storm
Utilities A
Water Municipal
Crane N
Rail N
Survey N
Lot/Bldg/Unit Code Lot
Zoning Commercial NA-CN NA-R3
Seller Property Info Statement N

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

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