177 Lakeshore Road, Timmins, ON

$525,000
MLS#:T11893816
0 beds
0 baths
5000 + sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] multiplex located in the coveted neighborhood of TNE - Hill District. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $525,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Generous living space spanning 5000 + sqft on a premium 49.85 x 114.03 ft lot
  • Features a ["unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: None
  • equipped with ["none"] central cooling and highly efficient other heating via other

Great investment opportunity! This property was formerly used as a 12-unit income property. The current layout may permit up to 13 units, subject to city of Timmins approval. This property is ready for renovation by a skilled handyman or contractor, having been largely stripped down to the studs. Property is being sold "as-is". Projected rental income as a 13-unit property (consisting of 11 one-bedroom units at $1,200/mth & 2 two-bedroom units @ $1,450/mth) would amount to $193,200 annually. A rare opportunity to own an income property with a view of Gillies Lake. Come have a look today! **EXTRAS** Above Grade Square Footage: 6130 , Zoning NA-R2, Hydro - Vacant, Heat - vacant, MPAC 340, water & Sewer is metered

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Key Features

000
Living Area
5000 + sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 11, 2025
Sold price information is available to members only
Listed Date12/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionVinyl Siding, Brick
Lot Size49.85 × 114.03 Feet
CountyCochrane
Annual Tax$13,053.59
Legal DescriptionPCL 3511 SEC WAT SRO; E 120 FT LT 33 PL M40S TISDALE RESERVING TO THE ONTARIO NORTHLAND TRANSPORTATION COMMISSION THE RIGHT TO CROSS SAID LAND AND TO LAY DOWN THEIR RIGHT OF WAY NINETY-NINE FT IN WIDTH ON AND OVER SAID LAND OR ANY PT THEREOF AS MAY HEREAFTER BE FOUND NECESSARY OR EXPEDIENT; SAID RESERVATION TO BE OF THE SURFACE RIGHTS ONLY IN ACCORDANCE WITH THE TERMS OF AN ORDER OF THE LIEUTENANT-GOVERNOR IN COUNCIL, DATED 22ND FEBRUARY, 1909; CITY OF TIMMINS

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceOther
Heat TypeOther
Cooling["None"]

Features

Property Features

Community Features

Location

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177 Lakeshore Road, Timmins, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 177 Lakeshore Road, Timmins, ON P4N 7A1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$420,000
Monthly Mortgage$2,440
Property Tax (Est.)$1,088
Utilities & Maint.$350
Total Monthly Cost$3,878

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