ON > North Bay > Central
North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 549,900
Est. payment | /mo

6 Beds

4 Baths

Save
$ 549,900
Est. payment | /mo
Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Central

MLS Listing ID X11990952

Style 2-Storey

Bedrooms 6

Building Age 100+

Annual Tax Amount $5,400

Tax Year 2024

Property Sub-Type Fourplex

Property Description

Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.

Location

Province ON

County Nipissing

Community Central

Area Nipissing

Zoning R3

Rooms

Family Room Yes

Basement Partial Basement, Unfinished

Kitchen 4

Interior

Interior Features None

Cooling None

Inclusions 3 FRIDGES, 3 STOVES, 2 WASHER, 2 DRYER

Exterior

Exterior Feature Porch, Deck

Parking Features Private Double

Pool None

View City, Downtown

Roof Type Metal,Shingles

Lot Frontage 40.26

Lot Depth 117.0

Total Parking Spaces 2

Building

Foundation Concrete Block, Stone

Others

Senior Community No

Listed by Royal LePage Northern Life Realty, Brokerage
agent-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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230-232 Fifth AVE W

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