388 PINE STREET S, Timmins (TS - SE), Ontario

About This Property

This spacious 6-bedroom, 2-bathroom duplex in downtown Timmins offers a great investment opportunity with long-term tenants in place. The property features two separate units, each with 3 bedrooms, its own kitchen, bathroom and laundry, providing consistent rental income. The main floor is currently rented at $975.00 per month + hydro and the upper floor is currently rented at $1,000.00 per month + hydro with the landlord paying the heat ($2,159.49/year). While the duplex may require some updates and maintenance, it is ideally located close to downtown amenities, shops, and transit, ensuring easy access for tenants. This property also features an unfinished basement and attached storage room. With stable occupancy and potential for future improvements, this property is perfect for investors seeking a reliable income stream and future growth. This property also has the potential to host another unit, upon city approval.