Multiplex in Timmins Assigned

  • $299,999

Fix & Flip or Buy & Hold Opportunity!

$75,000 a DOOR!

$50K BELOW Market Value!

Strachan Avenue

Strachan Avenue, Timmins

Closing Date: March 1st 2024

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Attention multiplex buyers! This 4plex in Timmins with cashflow potential will not last! Two of the four units are vacant which means you can pick who you’re next tenants will be at current market rents. The other two tenants that will need to be inherited are good paying tenants, tenant acknowledgment forms will be provided on closing. Each unit has their own hydro meter and there are two gas meters (one for upstairs and one for the lower levels). This property is perfect for an investor looking to add a multiplex to their portfolio! Call TODAY!

Property Details

  • Multiplex Fourplex
  • Unit 1: 2 bedrooms, 1 bathroom
  • Unit 2: 1 bedroom, 1 bathroom
  • Unit 3: Bachelor, 1 bathroom (VACANT)
  • Unit 4: 2 bedrooms, 1 bathroom (VACANT)
  • 2332 sqft above grade
  • Built in 1925
  • Unfinished partial basement with separate entrance
    • Ceiling Height is 6-7ft as per seller
  • Appliances are NOT included
  • No A/C
  • Upper Units have space heaters
  • Furnace for lower unit is owned, about 30 years old
  • 4 HWTs, all owned, purchased in 2014
  • 1 Water Meter, Hydro is separately metered, 2 gas meters
  • Half of the upper roof was redone in 2023, the rest needs to be completed
  • Breaker Panel (for all four)
    • copper wiring as per seller
  • Windows are about 15 years old and in good condition
  • Lot size is 49ft by 93ft
  • Property taxes are approximately $2998
  • Zoning is R2

Recommended Renovations

  • Seller has the option to leave junk behind so we recommend budgeting for junk removal
The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip or Buy & Hold opportunity.

  • Wholesale Price: $299,999
  • We believe that this property is worth $350,000  as-is on the MLS
  • Purchase today for $50K BELOW MARKET VALUE

Cap Rate Analysis

Assignment of Contract
Property Type:

Call 647-930-0291 for more details