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Investment signal

$199,900

388 PINE STREET S

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Timmins (TS - SE). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This spacious 6-bedroom, 2-bathroom duplex in downtown Timmins offers a great investment opportunity with long-term tenants in place. The property features two separate units, each with 3 bedrooms, its own kitchen, bathroom and laundry, providing consistent rental income. The main floor is currently rented at $975.00 per month + hydro and the upper floor is currently rented at $1,000.00 per month + hydro with the landlord paying the heat ($2,159.49/year). While the duplex may require some updates and maintenance, it is ideally located close to downtown amenities, shops, and transit, ensuring easy access for tenants. This property also features an unfinished basement and attached storage room. With stable occupancy and potential for future improvements, this property is perfect for investors seeking a reliable income stream and future growth. This property also has the potential to host another unit, upon city approval. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: TS - SE
Lot dimensions: 30 x 114 FT
Bedrooms: 6 above grade
Parking: 3 total
Stories: 2
On market: Apr 24, 2026
Status changed: Apr 24, 2026
Annual tax: $3,097.42
Zoning: NA-R3
Photos: 15
MLS#: T13039758
Area: TIMMINS_(TS_-_SE)

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Cooling

None

Exterior

Vinyl sidingBrick Facing

Foundation

Block

Utilities

SewerElectricityCable

Positive cash flow ~$1,903/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

57.12%

Cap rate

16.29%

GRM

5.0

Break-even rent

$1,297

Financing

Down payment$39,980

Loan amount$159,920

Mortgage$810/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$92

Insurance$80

Maintenance$167

CapEx reserve$83

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $810/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.