196 Second AVE E, North Bay, ON P1B 1L2
196 Second AVE E, North Bay, ON P1B 1L2
196 Second AVE E, North Bay, ON P1B 1L2
196 Second AVE E, North Bay, ON P1B 1L2
196 Second AVE E, North Bay, ON P1B 1L2
196 Second AVE E, North Bay, ON P1B 1L2
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Amanpreet Kaur Realtor

Amanpreet Kaur Realtor

+1(289) 700-2629
$ 989,900
Est. payment | /mo

8 Beds

4 Baths

Save
$ 989,900
Est. payment | /mo
Save

8 Beds

4 Baths

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

Province 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

Amanpreet Kaur Realtor

+1(289) 700-2629

info@themultaniteam.com

4145 North Service Road Unit 2, L7L6A3, Burlington, Ontario, Canada

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196 Second AVE E