Property Information:

Properties like this don't come along often! This impressive income-generating duplex offers the perfect combination of space, functionality, and investment potential. With each unit featuring approximately 1,214 sq. ft. of living space spread over multiple levels, this is far from your typical duplex. Unit 391 features 3 bedrooms and 1 bathroom, while Unit 399 offers 3 bedrooms and 1.5 bathrooms, providing comfortable living spaces that appeal to a wide range of tenants. Both units enjoy access to a large shared backyard, offering plenty of outdoor space for relaxation and recreation. This investment is made even more attractive with tenants responsible for their own heat and hydro costs, helping to keep operating expenses lower for the owner and maximizing cash flow. Several updates have been completed in recent years, including a repaired deck (2023), a new roof (2024), two new dryers (2023), a new stove in Unit 391 (2024), and cosmetic improvements completed in Unit 399 (2024).With established rental income, major updates already completed, and utility costs largely covered by the tenants, this cash-flowing duplex is an excellent opportunity for investors looking to expand their portfolio or enter the income property market. (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Amenities: Separate Hydro Meters
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Vinyl siding
Floor Space: 2000 - 2500 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 3
Half Bathrooms: 1
Amenities Nearby: Hospital, Public Transit
Community Features: School Bus
Features: Carpet Free
Fence Type: Fenced yard
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 103 Feet
Lot Frontage: 63 Feet
Lot Size: 63 x 103 FT
Structure Type: Shed
Utility Type: Hydro - Installed, Sewer - Installed, Cable - Available
Zoning: NA-R3
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: REVEL REALTY INC.

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Demographic Information of 391 - 399 MURDOCK AVENUE, Timmins (TNE - Hill District), Ontario, P4N 5T9

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$136,185.61

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.56 %

High school certificate or equivalent

29.73 %

Apprenticeship trade certificate/diploma

5.48 %

College/non-university certificate

22.83 %

University certificate (below bachelor)

1.64 %

University Degree

12.76 %

Commuter

Travel To Work

By Car

78.08 %

By Public Transit

3.35 %

By Walking

12.58 %

By Bicycle

0.0 %

By Other Methods

5.99 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.44 %

Houses

72.56 %

391 - 399 MURDOCK AVENUE, Timmins (TNE - Hill District), Ontario, P4N 5T9