56 Second Avenue, Timmins

$219,900
56 Second Avenue

$219,900

New
57d
Commercial Retail

56 Second Avenue, Timmins

Total Monthly Obligation $1,881

Beds
0
Baths
2
Park
0
DOM
57d
Property Type-Commercial Retail
MLS® Number-T13724506
Beds-0
Bathrooms-2
Lot Size-50 × 30 ft
Listed on site-Aug 27, 2026
Building Type-Commercial Retail
Taxes-$7,431 (2025)
Parking-None
Heating-Gas Forced Air Open
Brokerage-REALTY NETWORKS INC.
Cooling-Yes
Fireplace-No
Pool-None
Possession-30-59 days
Neighbourhood-TS - SE
Title-Commercial

No agent assigned

This Building is currently being leased for $2700 plus heat and hydro and has signed a 3 year lease on January 1, 2026!!!!!Turnkey Restaurant Opportunity in Prime Location This fully equipped restaurant is ready for business! Situated in a bustling area near popular bars and hotels, this location offers excellent foot traffic and a built-in customer base. Key Features: Fully Furnished: Includes tables, chairs, and all necessary furnishings. Complete Kitchen Setup: Cooking equipment, refrigerators, and more are included, saving you time and investment. Convenient Prep Area: Dedicated preparation space located in the basement for efficient workflow. Perfect for an experienced restaurateur or an entrepreneur looking to enter the hospitality industry, this property is an exceptional opportunity to establish or expand your brand. **EXTRAS** Mpac 411, Yearly gas $2500, Hydro yearly $2400, Water and Sewer $1730

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$175,920
Land Transfer Taxes$1,924
Legal Fees (Est.)
$
Total cash required for closing$47,404

Total Monthly Obligation

$1,881/mo
Mortgage $887
Monthly Loss $1,648
Principal$233
Interest$654
Property Tax$619
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

Assumptions & Inputs
$/mo
%
$
yr
%

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 56 Second Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.