196 Second Avenue E, North Bay, ON P1B 1L2
- $989,900
- 8
- BD
- 4
- BA
- 2,000
- SqFt
- List Price
- $989,900
- MLS#
- X13701478
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- 2-Storey
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- North Bay
- Area
- Nipissing
- Neighborhood
- Central
- Subdivision
- Wyld St. And Second Ave. E.
Property Description
Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.
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Additional Information
- Taxes
- $3,222
- Heat Type
- Radiant
- Heat Source
- Gas
- Air Conditioning
- None
- Family Room
- Yes
- Kitchens
- 4
- Exterior
- Brick Front, Brick Veneer
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 4
- Parking Type
- Available, Front Yard Parking
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Listing courtesy of HOMELIFE ELITE SERVICES REALTY INC..