901 Victoria St N Kitchener, ON

60 Dwyer Avenue, Timmins, Ontario P0N 1G0 (26436617)


LOADING

60 Dwyer Avenue Timmins, Ontario P0N 1G0

6133.5 sqft
Fully Air Conditioned Forced Air

$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:50976)

Property Details

MLS® Number X8014648
Property Type Business

Building

Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 6133.5 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Irregular 62.2 X 97.05 Ft
Size Total Text 62.2 X 97.05 Ft

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

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Sarnail Singh
Broker

(416) 303-2119
(416) 303-2119
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Royal LePage Real Estate Services Ltd.
2520 Eglinton Ave West #207c
Mississauga, Ontario L5M 0Y4

(905) 828-1122
(905) 828-7925

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