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$ 329,000
Est. payment /mo
Active
147 Second AVE E North Bay, ON P1B 1L3
2,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $156
Subdivision Central
MLS Listing ID X11977063
Building Age 51-99
Annual Tax Amount $4,243
Tax Year 2025
Property Sub-Type Investment
Lot Depth 132.0
Lot Front 33.0
Property Description
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. The partially finished basement offers added storage for the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000 annually. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed (projected): $1,850+Hydro.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Interior
Cooling No
Inclusions 3 fridges, 3 stoves, 1 coin operated washer, 1 coin op dryer ( all appliances in As In conditions)
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 132.0
Others
Security Features Partial
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
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