147 Second Avenue For Sale

North Bay, Central, P1B 1L3

$329,000

Description

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage.

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 and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro.

Location

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  • Address: 147 Second Avenue
  • Neighborhood: Central
  • City: North Bay
  • State: Ontario
  • Postal Code: P1B 1L3

Property Details

  • Property ID: X11977040
  • Property Price: $329,000
  • Style: Triplex, 2 1/2 Storey
  • Sq/Ft: 2000-2500
  • Rooms: 10
  • Bedrooms: 5
  • Bath: 3
  • Garages Spaces: 2
  • Garage: Detached
  • Parking Spaces: 2
  • Year Built: 51-99
  • Basement: Part Fin
  • Central Vac.: N
  • Den: Y
  • Exterior: Brick, Vinyl Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $4,243.00 (2024)
  • Lot: 132.00x33.00 (Feet)

Property History

This property has been sold 5 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100