ON > North Bay > Central
North Bay, ON P1B 1L3,147 Second AVE E
North Bay, ON P1B 1L3,147 Second AVE E
North Bay, ON P1B 1L3,147 Second AVE E
North Bay, ON P1B 1L3,147 Second AVE E
North Bay, ON P1B 1L3,147 Second AVE E
North Bay, ON P1B 1L3,147 Second AVE E
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 329,000
Est. payment | /mo

5 Beds

3 Baths

Save
$ 329,000
Est. payment | /mo
Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Central

MLS Listing ID X11977040

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $4,243

Tax Year 2024

Property Sub-Type Triplex

Property Description

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 and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro.

Location

Province ON

County Nipissing

Community Central

Area Nipissing

Zoning R3

Rooms

Family Room Yes

Basement Partially Finished

Kitchen 3

Interior

Interior Features Water Heater, Water Meter

Cooling None

Inclusions 3 fridges, 3 stoves, 1 coin operated washer, 1 coin op dryer ( all appliances in As In conditions)

Exterior

Exterior Feature Deck, Year Round Living, Porch

Parking Features Front Yard Parking, Private, Tandem

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 33.0

Lot Depth 132.0

Total Parking Spaces 2

Building

Foundation Stone

Others

Security Features Smoke Detector,Carbon Monoxide Detectors

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
advisor-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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