Property Details

190-210 SPRUCE Street S, Timmins, Ontario, P4N2N7

190-210 SPRUCE Street S, Timmins, Ontario, P4N2N7 (ID 40088312)
Representative
Zoe Crossing portrait
Zoe Crossing
Broker
Century 21 - All Seasons Realty Ltd., Brokerage - Bancroft
Cell: 613-334-5939

$3,550,000 - For sale

ID#:40088312

Central 36 unit including 21-2 bedrooms and 14-1 bedrooms, and one commercial unit hair salon. Seller is selling with CMHC standard allocation of 3% vacancy, 4% management fee, $750 unit maintenance annual, $350 salaries per unit. Buyer to assume a forgivable mortgage 8 years remaining without adjustment on closing on one of those 20 year mortgages provided by Canada-Ontario Investment in Affordable Housing used for renovations so has attached a requirement that maximum rents are 80% of market. 5% of loan is forgiven annually or $83,750. Original principal December 4, 2008 $1,675,000. Please allow 72-hour irrevocable, excluding weekends. (id:2471)

Location DescriptionAlogonquin Blvd E South onto Spruce St.

Property Details
  • Property Address:190-210 SPRUCE Street S, Timmins, Ontario, P4N2N7
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:0.755
  • Acreage:0.755 ac|1/2 - 1.99 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
Structure Details for 190-210 SPRUCE Street S, Timmins, Ontario, P4N2N7
  • Bedrooms:54
  • Heating Type:Electric, Baseboard heaters, Forced air
  • Style:Detached
  • Storeys:3
  • Basement Type:None
  • Cooling Type:None
  • Rental Equipment:None
  • Exterior Type:Aluminum siding
Amenities for 190-210 SPRUCE Street S, Timmins, Ontario, P4N2N7 Laundry- Coin operated
Representative
Zoe Crossing portrait
Zoe Crossing
Broker
Century 21 - All Seasons Realty Ltd., Brokerage - Bancroft
Cell: 613-334-5939
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Listing Office: Re/Max Quinte Ltd., Brokerage

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190-210 SPRUCE Street S, Timmins, Ontario, P4N2N7

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