$521,500
$539,900
3.4%For more information regarding the value of a property, please contact us for a free consultation.
230-232 Fifth AVE W North Bay, ON P1B 3N6
6 Beds
4 Baths
Key Details
Sold Price $521,500
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Central
MLS Listing ID X12192182
Sold Date 09/19/25
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,400
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost$43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Rooms
Family Room Yes
Basement Partial Basement, Unfinished
Kitchen 4
Interior
Interior Features None
Cooling None
Exterior
Exterior Feature Porch, Deck
Parking Features Private Double
Pool None
View City, Downtown
Roof Type Metal,Shingles
Lot Frontage 40.26
Lot Depth 117.0
Total Parking Spaces 2
Building
Building Age 100+
Foundation Concrete Block, Stone
Others
Senior Community No
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