196 Second Avenue E, North Bay, Ontario P1B 1L2

Listed for:

$989,900

8 beds

4 baths

Listed 40 days ago

Fourplex for rent: 196 Second Avenue E, North Bay, Ontario P1B 1L2

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About

Cross Streets: WYLD ST. AND SECOND AVE. E. ** Directions: FISHER TO SECOND AVE. EAST. 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. (id:27476)

Property Highlights

MLS® Number

X13701478

Type

Multi-family

Community Name

Central

Land Size

38 x 85 FT|under 1/2 acre

Parking Space Total

Building

Building Type

Fourplex

Storeys

2.00

Square Footage

2000 - 2500 sqft

Bathrooms Total

Bedrooms Above Ground

Bedrooms Total

Exterior Finish

Brick Facing, Brick Veneer

Fireplace Present

Basement Type

N/A, N/A

Basement Features

Apartment in basement, Separate entrance

Building Heating Type

Radiant heat

Heating Fuel

Natural gas

Building Cooling Type

None

Utilities

Water

Municipal water

Utility Sewer

Sanitary sewer

Room Layout

Bedroom

Second level

0.1 m x 0.1 m

Bedroom 2

Second level

0.1 m x 0.1 m

Bedroom

Basement

0.1 m x 0.1 m

Bedroom 2

Basement

0.1 m x 0.1 m

Bedroom 3

Basement

0.1 m x 0.1 m

Bedroom

Main level

0.1 m x 0.1 m

Bedroom 2

Main level

0.1 m x 0.1 m

Bedroom 3

Main level

0.1 m x 0.1 m

Location

Learn more about this property

Listing provided by:

HOMELIFE ELITE SERVICES REALTY INC.

MLS® number:

X13701478

Agent:

Salman S. Kazi

Phone:

(705) 493-2548

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