$ 515,000
60 Dwyer AVE Timmins, ON P0N 1G0
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$ 515,000
Est. payment | /mo
6,133 SqFt
$ 515,000
Est. payment | /mo
6,133 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,133 sqft
Price per Sqft $83
MLS Listing ID X8014648
Annual Tax Amount $8,941
Tax Year 2023
Property Description
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!
Location
Province ON
County Cochrane
Interior
Cooling Yes
Exterior
Utilities Available Available
Others
Security Features Yes
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
130 King St. W. Unit 1800B, M5X1E3, Toronto, Ontario, Canada