Multi-Family Properties for Sale in Timmins

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Multi-Family for sale: 84 MAIN STREET, Timmins

2 photos

$499,000

84 Main Street, Timmins (SP - Main Area), Ontario P0N 1H0

0 beds
0 baths
76 days

Main St. and Shamrock Ave Exceptional 6-plex investment opportunity at 84 Main Street, Timmins. 6.95% CAP and 13% IRR! Detached two-storey multi-residential building featuring six units. Perfectly situated at the intersection of Main and Shamrock, the property provides tenants with convenient

Other for sale: 487 REA STREET N, Timmins

2 photos

$625,000

487 Rea Street N, Timmins (TM - TNW - Algonquin to Jubilee), Ontario P4N 5A7

7 beds
4 baths
140 days

Between Waterloo Road and Melrose Boulevard Attention investors and entrepreneurs! This turnkey 3-unit multi-family income property has a 24' x 24' detached garage and space for a home-based business (vacant confectionary). It's the perfect setting to live comfortably to run a home-based business

Multi-Family for sale: 44 MOUNTJOY STREET S, Timmins

2 photos

$240,000

44 Mountjoy Street S, Timmins (TS - SE), Ontario P4N 1S4

0 beds
3 baths
55 days

Corner of Third Avenue High visibility location on Mountjoy Street South and near the intersections of Third Avenue and Wilson Avenue. This fully rented building has a small front commercial unit and back and upstairs residential units that have two bedrooms each. New roof done two Summers

Other for sale: 106 WAY AVENUE, Timmins

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$279,000

106 Way Avenue, Timmins (TS - SW), Ontario P4N 3C7

8 beds
3 baths
182 days

From Mountjoy St S Head west onto Way ave. Great investment opportunity for your portfolio. This triplex is ideally located in the South West part of Timmins. Featuring three large units, two of which (main floor and basement) have their own laundry hook ups. Upstairs is a 1 bedroom unit, the

Other for sale: 106 TOKE STREET, Timmins

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$195,000

106 Toke Street, Timmins (TNE - Hill District), Ontario P4N 6T9

7 beds
4 baths
26 days

Corner of Toke Street and James This centrally located income property featured five one-bedroom units, plus a two-bedroom house (currently tenanted) located on the same lot, for a total of 6 rental units. This property presents significant upside potential, the property is located steps

Triplex for sale: 38 - 42 COMMERCIAL AVENUE, Timmins

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$129,900

38 - 42 Commercial Avenue, Timmins (TS - SW), Ontario P4N 2W7

6 beds
3 baths
104 days

In between Mountjoy St S and Wilcox St Attention contractors and savvy investors! This triplex presents an incredible opportunity to transform a property into a solid income-generating investment. Featuring three units, each with 2 bedrooms and 1 bathroom, this property has immense potential

Triplex for sale: 39 MAPLE STREET N, Timmins

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$269,900

39 Maple Street N, Timmins (TNE - Central), Ontario P4N 6B3

3 beds
3 baths
44 days

Between Algonquin and 5th Ave TURN KEY 3 UNIT INCOME PROPERTY THAT HAS BEEN WELL MAINTAINED OVER THE YEARS. SHINGLES 2019. NATURAL GAS AND ELECTRIC HEATING, THE BASEMENT HAS BEEN INSULATED AND HAS A NATURAL GAS SPACE HEATER, A LAUNDRY AREA AND PLENTY OF STORAGE. THE SALE INCLUDES 3 FRIDGES,

Duplex for sale: 375 ELM STREET S, Timmins

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$239,900

375 Elm Street S, Timmins (TS - SE), Ontario P4N 1X6

4 beds
1 baths
182 days

Off Dale Avenue Discover a great investment opportunity with this charming duplex, nestled in a tranquil part of town. One unit is rented at an attractive rate and the other unit is vacant so you can set your own rent. This property promises consistent cash flow. The backyard is a standout

Triplex for sale: 95 ALGONQUIN BOULEVARD W, Timmins

2 photos

$199,900

95 Algonquin Boulevard W, Timmins (TS - SW), Ontario P4N 2R4

7 beds
3 baths
1 day

Waterloo Investment Opportunity Triplex with Commercial Zoning! This unique triplex offers an excellent investment opportunity with two properties on one lot, generating strong rental income and providing commercial zoning for added flexibility. Property Details: Two-Bedroom Unit Currently

Other for sale: 134 GOLDEN AVENUE, Timmins

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$349,000

134 Golden Avenue, Timmins (SP - Main Area), Ontario P0N 1C0

8 beds
6 baths
8 days

Near Evans Street and Golden Ave Great 6-Plex located steps away from Porcupine Lake and Downtown South Porcupine. Fully tenanted building with long term tenants. 4 Bachelor , 1 -2 bedroom and 1- 1 bedroom apartments and shared coined laundry facilities. (id:27476)

Duplex for sale: 250 BELANGER AVENUE, Timmins

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$259,900

250 Belanger Avenue, Timmins (TS - SW), Ontario P4N 2V9

5 beds
2 baths
69 days

Between Cameron South & Rea Street South Looking for a prime investment or a property to call home? This property is an excellent opportunity, offering the potential for solid cash flow and long-term growth. Perfect for investors who want to take advantage of the 1% Rule in real estate. This

Other for sale: 201-203 BALSAM STREET S, Timmins

2 photos

$575,000

201-203 Balsam Street S, Timmins (TS - SE), Ontario P4N 2E3

6 beds
6 baths
56 days

Corner of Balsam Street South & 1st Avenue This well-maintained six-unit property offers an exceptional investment opportunity in a prime location, featuring six self-contained one-bedroom, one-bathroom units. With five of the six units currently tenanted,. Each unit offers comfortable living

Duplex for sale: 89 WAY AVENUE, Timmins

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$299,900

89 Way Avenue, Timmins (TS - SW), Ontario P4N 3C6

4 beds
3 baths
5 days

Wilcox Street SUPER DUPLEX with excellent tenants that you want to KEEP forever! Side by side 2 bedroom units with main floor laundry in each. Large open concept, updated flooring, separate hydro meters, both have entrance porches for easy entry and plenty of room for coats and more! Basement

Other for sale: 167 ALGONQUIN BOULEVARD W, Timmins

1 photos

$219,900

167 Algonquin Boulevard W, Timmins (TS - SW), Ontario P4N 2R6

5 beds
2 baths
46 days

Off Preston Centrale located duplex with tons of parking where the main floor tenants pay a rent of $1500 and the basement tenants pay a rent of $1125. (id:27476)

Other for sale: 219-221 PINE STREET S, Timmins

6 photos

$130,000

219-221 Pine Street S, Timmins (TS - SE), Ontario P4N 2K6

3 beds
2 baths
23 days

First Centrally located, this building offers an open concept main floor with a kitchenette and a 2-piece bath, which would be great for a business or offices. The main floor also offers a full basement, providing excellent storage. The second floor hosts a tenanted 3-bed, 1-bath apartment.

Duplex for sale: 336 MOUNTJOY STREET S, Timmins

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$314,900

336 Mountjoy Street S, Timmins (TS - SE), Ontario P4N 1T9

4 beds
2 baths
86 days

Mountjoy and Kimberly Recently Renovated Vacant DUPLEX! Set your own rents, choose your own tenants or live in one unit and collect rent from the other. Walking distance to most amenities. 4 car parking in the back of the property. Laundry hook ups in both units. Furnace and Hot water tank

Fourplex for sale: 181 PRESTON STREET, Timmins

13 photos

$464,900

181 Preston Street, Timmins (TS - SW), Ontario P4N 3N4

6 beds
1 baths
29 days

Off Middleton 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:

Duplex for sale: 277-279 PATRICIA BOULEVARD, Timmins

29 photos

$324,900

277-279 Patricia Boulevard, Timmins (TNE - Hill District), Ontario P4N 6Y3

6 beds
2 baths
16 days

Murdock and 8th SIDE BY SIDE DUPLEX in an excellent location, what a RARITY! Both Units mirror each other consisting of three bedrooms on the upper floor with a 4 pcs bathroom. Main floor offers a spacious living room and kitchen with a good sized pantry. Basement holds tons of storage and

Other for sale: 36 ELM STREET N, Timmins

12 photos

$449,900

36 Elm Street N, Timmins (TNE - Central), Ontario P4N 6A1

6 beds
5 baths
103 days

Off Algonquin Legal Fourplex with Bonus Unit & Extensive Renovations! Discover this large, renovated legal fourplex with an additional bonus unit, perfect for investors or those looking to generate steady rental income. This property has undergone a massive transformation, including: New electrical

Duplex for sale: 101 ALGONQUIN BOULEVARD W, Timmins

2 photos

$199,900

101 Algonquin Boulevard W, Timmins (TS - SW), Ontario P4N 2R4

4 beds
3 baths
1 day

Waterloo Duplex for Sale on a Commercial Lot Turnkey Investment! This income-generating duplex is a fantastic investment opportunity, situated on a commercially zoned lot with future potential for business or redevelopment. Property Features: Two spacious 2-bedroom units Both units are currently

Other for sale: 158 KENT AVENUE, Timmins

40 photos

$359,900

158 Kent Avenue, Timmins (TS - SW), Ontario P4N 3C1

5 beds
3 baths
127 days

Between Preston St and Rea St South Investment Opportunity, this well maintained Triplex with good rental income. This triplex offers three distinct units, each with their ownappliances and washer/dryer. Situated in a desirable location, this property presents a good investment opportunity

Fourplex for sale: 154 BIRCH STREET S, Timmins

4 photos

$264,900

154 Birch Street S, Timmins (TS - SE), Ontario P4N 2A9

5 beds
5 baths
189 days

between First Av and Second Av This fourplex features a detached 16x24 garage, currently used by Unit A tenant. Unit A is a spacious 2-bedroom, 2-bathroom residence with a living room and kitchen on the main floor, plus a bedroom, rec room, and 2-piece bathroom in the basement. Units B and

Exploring Multi-Family Real Estate in Timmins

Timmins, a vibrant city in northeastern Ontario, is increasingly becoming a focal point for real estate investors, particularly in the multi-family housing sector. This trend is driven by a combination of economic growth, a stable job market, and a community-oriented lifestyle that appeals to families and individuals alike. In this article, we delve into the dynamics of the multi-family real estate market in Timmins, exploring its potential and comparing it with other regions.

The Appeal of Multi-Family Properties

Multi-family properties are an attractive investment for several reasons. They offer diversified income streams and can be more resilient to market fluctuations compared to single-family homes. In Timmins, the demand for rental properties is on the rise, fueled by a growing population and an influx of workers in the mining and forestry sectors. This demand makes multi-family properties a lucrative option for investors looking to capitalize on the city's economic momentum.

Comparative Analysis with Other Regions

While Timmins presents a promising opportunity, it's essential to consider how it stacks up against other regions. For instance, Regina offers a robust multi-family market with a focus on urban development and infrastructure improvements. Similarly, Calgary is known for its dynamic real estate market, driven by a diverse economy and a high quality of life.

In Ontario, regions like the Nipissing District and Pembroke also offer competitive multi-family investment opportunities. These areas benefit from their proximity to natural attractions and a strong sense of community, similar to Timmins.

Key Factors Driving the Timmins Market

Several factors contribute to the attractiveness of the Timmins multi-family market. The city's economic base is diverse, with significant contributions from mining, forestry, and healthcare. This diversity provides a stable foundation for real estate investments. Additionally, Timmins' strategic location offers easy access to major transportation routes, enhancing its appeal to businesses and residents alike.

Moreover, the local government in Timmins is proactive in supporting real estate development, offering incentives and streamlined processes for investors. This supportive environment is crucial for fostering growth in the multi-family sector.

Investment Opportunities in Timmins

Investors looking to enter the Timmins market can explore various opportunities, from small apartment buildings to larger complexes. The city's growing population and demand for rental housing create a favorable environment for both new developments and the renovation of existing properties.

Comparatively, areas like Emo and Kitchener also present viable options for multi-family investments. Emo offers a more rural setting with a tight-knit community, while Kitchener is part of a larger urban area with a strong tech industry presence.

Challenges and Considerations

While the Timmins multi-family market is promising, investors should be aware of potential challenges. These include fluctuations in the mining industry, which can impact the local economy, and the need for ongoing property maintenance in a region known for its harsh winters.

Investors should also consider the competitive landscape. Regions like East Central and Ajax offer different market dynamics, with East Central focusing on agricultural and rural development, and Ajax benefiting from its proximity to Toronto.

Future Prospects

The future of multi-family real estate in Timmins looks bright, with continued economic growth and a supportive community. As the city expands, there will be increased opportunities for investors to develop new properties and enhance existing ones.

In comparison, Trail and Peterborough also offer promising futures. Trail is known for its scenic beauty and outdoor recreational opportunities, while Peterborough is a hub for education and healthcare, attracting a diverse population.