This property includes a proven Airbnb suite. At the current run-rate, the $3,000/month Airbnb income can cover the mortgage, and the $1,000/month remaining ($12,000/year) pays the yearly utilities & taxes. Bottom line: you don’t pay out-of-pocket — and you still finish the year cash-positive.
Assumption for clarity: mortgage payment ≈ $2,000/month. Adjust with your lender if desired.
Calculation shows that after the mortgage is paid by Airbnb income, the remaining $1,000/month comfortably covers all annual utilities & taxes — and still leaves an estimated $4.6k–$4.8k in your pocket each year. Figures are approximate and for illustration; buyer to verify with lender and municipality.
The included Airbnb suite has strong historical performance. With a conservative $3,000/month income:
Exact mortgage payment depends on your down payment, interest rate, and amortization.
This is more than a house – it’s a dream lifestyle and a savvy investment rolled into one. Beautifully renovated, fully furnished, and move-in ready, this property offers elegant living upstairs and a mortgage-paying apartment downstairs.
While lower-priced listings typically need major renovations, come unfurnished, and often have no finished basement—meaning buyers pay again to rebuild, furnish, and complete the suite—250 Bannerman Ave is truly turnkey: fully renovated, beautifully furnished, and a finished, legal income suite already producing results. You’re not buying a project—you’re buying a move-in-ready home and revenue stream in one.
Showings by appointment only. Please have your mortgage pre-approval ready.
Live rent-free with positive cash flow. Verified 5-star Airbnb since launch.
Typical surplus: +$900 to +$1,200/month after mortgage (Airbnb ≈ $3,000–$3,300/mo vs. mortgage ≈ $2,088/mo).
*Figures are illustrative; actual performance depends on operations and seasonality.
Most “more affordable” homes in town still need heavy renovations and don’t even have a finished basement. Here, everything is done: modern finishes, fully furnished, landscaped, and a legal income suite that pays the entire mortgage and still leaves cash in your pocket. You’re buying a home and a proven revenue stream — move in day one and live rent-free.
+$900–$1,200/mo typical surplus (Airbnb $3,000–$3,300 − mortgage ~$2,088)
Since launch, the suite has maintained consistent 5-star ratings for cleanliness, accuracy and overall experience. Buyers love the home; guests love the suite — that’s why it stays booked.
“Spotless, stylish and perfectly equipped. Best stay we’ve had in Timmins.”
“Private entrance, quiet, everything brand new. Would book again without hesitation.”
“Exactly as described. Fantastic value and location.”
Opportunities like this don’t last in Timmins.
Use realistic numbers to see why $425K makes sense. The basement suite currently earns $100–$110/night at near 100% occupancy.
Estimated mortgage at $425K (20% down, 25y, 5.5%): ~$2,088/mo. With net Airbnb ≥ $2,100, the house pays for itself and still leaves cash in your pocket.
Everything a serious buyer wants to know about the home, income suite, viewings, and numbers.