50
See all 50 photos
$989,900
Est. payment /mo
8 Beds
4 Baths
New
196 Second AVE E North Bay, ON P1B 1L2
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Central
MLS Listing ID X13701478
Style 2-Storey
Bedrooms 8
Annual Tax Amount $3,222
Tax Year 2026
Property Sub-Type Fourplex
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.
Location
State ON
County Nipissing
Area Nipissing
Rooms
Family Room Yes
Basement Apartment, Separate Entrance
Kitchen 4
Interior
Interior Features ERV/HRV, On Demand Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Lighting, Porch, Year Round Living
Parking Features Available, Front Yard Parking
Pool None
View Downtown
Roof Type Asphalt Shingle
Lot Frontage 38.0
Lot Depth 85.0
Total Parking Spaces 4
Building
Foundation Block, Concrete, Concrete Block
Others
ParcelsYN No
Listed by HOMELIFE ELITE SERVICES REALTY INC.
NEARBY SCHOOL & BUSINESS
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