586 Main Street E, North Bay, Ontario P1B 1B8

Listed for:
$499,900
6 beds
4 baths
Listed 131 days ago
Fourplex for rent: 586 Main Street E, North Bay, Ontario P1B 1B8

View all 11 photos

Learn more about this property
Listing provided by:
Coldwell Banker-Peter Minogue R.E., Brokerage
MLS® number:
X12274089
Agent:
Angela Ashford
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).

About

Cross Streets: JOHN/MAIN. ** Directions: HWY 11 TO FISHER ST. LEFT ON MAIN. Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 3-6 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location. (id:27476)

Property Highlights

MLS® Number
X12274089
Type
Multi-family
Community Name
Central
Land Size
29.9 x 99.8 FT|under 1/2 acre
Parking Space Total
2

Building

Building Type
Fourplex
Storeys
2.50
Square Footage
3000 - 3500 sqft
Bathrooms Total
4
Bedrooms Above Ground
5
Bedrooms Total
6
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A
Basement Features
Apartment in basement
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location