245 Cedar Street, Timmins, ON P4N 6J5
$429,900
$429,900

245 Cedar Street

TNE - Central, Timmins, Cochrane $429,900 2

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9 Beds
4 Baths
3000-3500 sqft
Parking for 3
South Facing
Zoning: NA R2
MLS®#:
T12172626
Property Type:
Fourplex
Property Style:
2-Storey
Area:
Cochrane
Community:
TNE - Central
Taxes:
$4,465 / 2024
Added:
May 26 2025
Lot Frontage:
30.58
Lot Depth:
112.5
Status:
Active
Outside:
Stucco (Plaster)
Year Built:
Basement:
Unfinished
Brokerage:
EXP REALTY OF CANADA INC.
Lot :

112

30

Intersection:
Cedar Street North and Eight Avenue
Rooms:
Bedrooms:
9
Bathrooms:
4
Fireplace:
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Forced Air
Heating Fuel:

Listing Details

This turn key investment has two buildings on one lot, each building has 2 apartments, the front house has 1 x 2 BR , 1 X 3 BR, and the back house 2 x 2 BR units, the main floor apartments have access to the laundry room in the basement, the front house as newly replaced boiler system. The property has a detached garage and a shed. The property takes in $59,330 (2025 projection) in gross rents annually. Large main unit with 3+1 bedroom and full basement. Extra storage in the detached garage. Centrally located - close to schools, parks and churches. Updates: front house (corner building) shingles - 2021; and gas forced air furnace - 2018 and a newly replaced boiler heating system. One hot water tank is owned, two hot water tanks are rented. See Realtor Remarks for Rent Roll

One (1) Hot Water Tank

Insights

  1. Strong Rental Income Potential: The property is projected to generate $59,330 in gross rents annually, making it an attractive investment opportunity for buyers looking for steady cash flow.
  2. Multi-Unit Configuration: With two buildings on one lot, each containing multiple apartments, this property offers diverse rental options, appealing to a wider range of tenants and maximizing occupancy rates.
  3. Centrally Located: The property is situated close to schools, parks, and churches, enhancing its desirability for families and individuals seeking convenience in their living arrangements.

Sale/Lease History of 245 Cedar Street

View all past sales, leases, and listings of the property at 245 Cedar Street.

Neighbourhood

Schools, amenities, travel times, and market trends near 245 Cedar Street
Schools

6 public & 6 Catholic schools serve this home. Of these, 9 have catchments.

Parks & Rec

4 playgrounds, 2 rinks and 8 other facilities are within a 20 min walk of this home.

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TNE - Central home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in TNE - Central
100%

Insights for 245 Cedar Street

View the highest and lowest priced active homes, recent sales on the same street and postal code as 245 Cedar Street, and upcoming open houses this weekend.

Active Comparisons

Triplex | 2-Storey 46 days ago
8   3   3000-3500 sqft   3 Photos
1 km away
1 Less beds $29,900 Lower-priced 1 less baths Bigger lot
Multiplex | 2-Storey 94 days ago
8   4   2500-3000 sqft   12 Photos
1 km away
1 Less beds $30,000 Lower-priced Same baths Smaller lot
Multiplex | 2-Storey 64 days ago
10   5   3000-3500 sqft   17 Photos
1 km away
1 More beds $49,900 Lower-priced 1 more baths Bigger lot
Multiplex | 2-Storey 54 days ago
7   4   1500-2000 sqft   9 Photos
1 km away
2 Less beds $79,900 Lower-priced Same baths Smaller lot
Triplex | 2-Storey 65 days ago
7   3   1500-2000 sqft   3 Photos
1 km away
2 Less beds $90,000 Lower-priced 1 less baths Bigger lot
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Sold Comparisons

Detached | Bungalow Sold 3 mth. ago
7   2   700-1100 sqft   33 Photos
1 km away
2 Less beds $175,400 Lower-priced 2 less baths Smaller lot
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)