147 Second Avenue E North Bay, Ontario P1B 1L3
$329,000
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 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 (projected): $1,850+Hydro. (id:47351)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X11977063 |
| Property Type | Multi-family |
| Community Name | Central |
| Amenities Near By | Public Transit, Recreation |
| Parking Space Total | 2 |
Building
| Age | 51 To 99 Years |
| Appliances | All, Dryer, Stove, Washer, Refrigerator |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,100 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Land Amenities | Public Transit, Recreation |
| Size Irregular | 33.0 |
| Size Total | 33 Ac |
| Size Total Text | 33 Ac |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/27925891/147-second-avenue-e-north-bay-central-central
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March 24 2025 10:27:19
North Bay and Area REALTORS® Association
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