147 Second Avenue E North Bay, Ontario P1B 1L3
$320,000
If you've been searching for the perfect opportunity to enter the investment market, this property could be your ideal match. Priced competitively, this legal, non-conforming all-brick triplex offers a gross income of $41,086 and an impressive 8% cap rate. The property is centrally located offering easy access to shopping, schools, and a full range of amenities. Its prime location along a public transit route makes it an excellent choice for tenants without vehicles. The main floor features a recently renovated, vacant 3-bedroom unit, ready for new tenants or an owner looking to live on-site while benefiting from rental income. The second-floor 2-bedroom unit and third-floor bachelor unit are both occupied by reliable long-term tenants. For added peace of mind, each unit is separately metered. The partially finished basement offers added storage for the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000 annually. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed (projected as currently vacant): $1,850+Hydro. (id:61445)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12125002 |
| Property Type | Multi-family |
| Community Name | Central |
| AmenitiesNearBy | Highway, Public Transit |
| ParkingSpaceTotal | 2 |
Building
| BathroomTotal | 1 |
| BedroomsTotal | 5 |
| Age | 51 To 99 Years |
| Appliances | All, Dryer, Stove, Washer, Refrigerator |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 2100 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 132 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 132 Ft |
| SizeTotalText | 33 X 132 Ft |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/28261068/147-second-avenue-e-north-bay-central-central
Interested?
Contact us for more information
Josee Laperle
Salesperson
325 Main Street, West
North Bay, Ontario P1B 2T9
Mike Burman
Broker of Record
325 Main Street, West
North Bay, Ontario P1B 2T9
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 05 2025 09:28:27
Realty Executives Local Group Inc. Brokerage