314 Birch Street N

TNE - Central, Timmins · MLS® T13863352

744

House · Multi-family · 19 days on market

listed by RAJANI SURESH, GLOBAL BRICKS REALTY

realtor's description

Well-maintained 4-unit multiplex on a large lot with laneway access and a detached garage.Features two 2-bedroom units on the main floor, one 2-bedroom and one 1-bedroom unit in thebasement. All units are occupied with tenants paying rent on time. Recent updates include newdoor seals throughout, plus a new door, windows, flooring, fridge, and paint in Unit 4 (Feb.2023). Awning installed for Unit 3 in Nov. 2023. Baseboard heating; hydro and heat paid bytenants. Gross annual income of approximately $49,020 an attractive 7% to 8% cap rate,including garage rental. Great income-producing investment opportunity

property details

type: House, Multi-family
bedrooms: 7
bathrooms: 4
parking: 4
property tax: $5,244 / yr
days on market: 19
MLS®: T13863352

monthly cost

$2,385/mo

Mortgage $1,948 · Tax $437

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,948/ monthly

loan $357,600

25-year amortization

down payment20% · $89,40020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $226,661
cash to close: $89,400; down payment; transfer tax and fees not included
total paid: $584,261

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.