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North Bay,ON P1B 1B8
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Central
MLS Listing ID X12274089
Style 2 1/2 Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $3,539
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 36 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning C2
Rooms
Family Room No
Basement Apartment
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Storage,Water Heater Owned
Cooling None
Inclusions Refrigerators, stoves
Exterior
Pool None
Roof Type Shingles
Lot Frontage 29.94
Lot Depth 99.8
Total Parking Spaces 2
Building
Foundation Stone
Others
Senior Community No