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North Bay,ON P1B 1L3
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Central
MLS Listing ID X12124709
Style 2 1/2 Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $4,243
Tax Year 2024
Property Sub-Type Triplex
Property Description
Searching for the perfect opportunity to enter the investment market? This could be the opportunity you've been waiting for! 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 & 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. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro(Projected as Currently Vacant).
Location
State ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Rooms
Family Room Yes
Basement Partially Finished
Kitchen 3
Interior
Interior Features Water Heater,Water Meter,Separate Hydro Meter
Cooling None
Inclusions 3 fridges, 3 stoves, 1 coin operated washer, 1 coin op dryer ( all appliances in As In conditions)
Exterior
Exterior Feature Deck,Year Round Living,Porch
Parking Features Front Yard Parking,Private,Tandem
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 132.0
Total Parking Spaces 2
Building
Foundation Stone
Others
Senior Community No
Security Features Smoke Detector,Carbon Monoxide Detectors