The only red flag is Timmins' water/sewage yearly bill is unlike the GTA. 

A lot of first time investors miss stuff like water, common electric, snow/lawn, etc. 

Water conservation programs is another way, or sub mitering.Marketing is another that some operators over spend, and some under spend. 

One of my tenants just sent me a txt letting me know that water is leaking from the ceiling.

Reconciling four different utilities (elec/water/gas/internet) whose bills arrive at four different times and pro-rating all that for different move-in/out dates is a real drag, as is collecting small amounts from multiple housemates.

Make sure the basement is free from water seepage.  

However if it's a solid brick construction with updated plumbing, HVAC, electrical, newer water heaters, etc. then the age wouldn't scare me. 

There is no city water.

Cozy syndicates to Realtor.com and Doorsteps.com.

There were many "surprises" throughout the project that caused us to have to pivot and make adjustments to our plan, the largest of which was discovering major water damage caused by a fire that the sellers had conveniently neglected to tell us about.