26 Spring Street West Nipissing, Ontario P2B 3G7
$679,900
Well-Maintained Legal 4-Plex with nice updates! This property features four spacious 2-bedroom units, each separately metered for hydro. Every unit offers the convenience of in-suite laundry and comes with dedicated parking spaces. With reliable tenants in place and low-maintenance utilities, this is an excellent opportunity to expand your investment portfolio with a solid, income-generating property. Gross income $77619.36, Net Income before mortgage ( expenses: tax,gas,hydro,vacancy, maintenance, management, water, insurance) is $54,709 leaving a solid 8.05% Cap rate (id:61445)
Property Details
| MLS® Number | X12966500 |
| Property Type | Multi-family |
| Community Name | Sturgeon Falls |
| AmenitiesNearBy | Golf Nearby, Hospital, Schools, Public Transit |
| CommunityFeatures | Community Centre, School Bus |
| EquipmentType | None |
| ParkingSpaceTotal | 8 |
| RentalEquipmentType | None |
| Structure | Porch |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 8 |
| BedroomsTotal | 8 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| BasementType | None |
| CoolingType | None |
| ExteriorFinish | Vinyl Siding |
| FireProtection | Smoke Detectors |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Golf Nearby, Hospital, Schools, Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 132 Ft |
| SizeFrontage | 88 Ft |
| SizeIrregular | 88 X 132 Ft |
| SizeTotalText | 88 X 132 Ft |
| ZoningDescription | R2 |
Utilities
| Electricity | Installed |
| Sewer | Installed |
Interested?
Contact us for more information
Mike Burman
Broker of Record
325 Main Street, West
North Bay, Ontario P1B 2T9
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April 07 2026 06:37:05
Realty Executives Local Group Inc. Brokerage