Property Information:

Built for income and positioned for long-term performance, this 2016-built legal triplex presents an excellent opportunity to add a strong multi-residential asset to your investment portfolio. Centrally located in the downtown core of North Bay, the property features three legal residential units plus an additional in-law suite in the lower level, creating four self-contained living spaces and a diversified rental income stream.The main floor is anchored by a spacious 3-bedroom unit featuring an attached garage, open-concept living space and modern finishes. The second level offers two thoughtfully designed 2-bedroom apartments, while the lower level provides a generous open-concept 2-bedroom in-law suite. Each unit is equipped with its own private laundry and 4-PC bath(s)-an attractive feature for tenants and an added advantage for an investor looking for a well-designed, low-maintenance rental property. With all four units currently generating strong rental income at or above market rents, this is an opportunity to acquire an established investment without the heavy lifting typically associated with repositioning an older multiplex. Whether you're expanding an established portfolio or looking for a substantial multi-unit investment, this property checks the boxes that matter to a Landlord. A compelling opportunity to acquire a quality income-producing asset in the heart of North Bay. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Amenities: Separate Heating Controls
Basement Type: Full
Exterior Finish: Stone
Fire Protection: Smoke Detectors
Floor Space: 3500 - 5000 sqft
Flooring Type: Tile, Hardwood
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water meter, Dishwasher, Dryer, Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 10
Bathrooms: 4
Amenities Nearby: Public Transit, Park
Community Features: School Bus
Features: Flat site, Lane
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Landscape Features: Landscaped
Lot Depth: 132 Feet
Lot Frontage: 66 Feet
Lot Size: 66 x 132 FT
Structure Type: Deck, Shed
Utility Type: Sewer - Installed, Cable - Available, Hydro - Installed
Zoning: R6
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 7

Rooms:

Dining 2nd Level 3.75 m x 3.21 m
Living 2nd Level 3.90 m x 3.47 m
Primary Bedroom 2nd Level 2.92 m x 5.62 m
2nd Bedroom 2nd Level 2.63 m x 3.13 m
Bathroom 2nd Level 3.10 m x 2.06 m
Laundry 2nd Level 1.27 m x 1.82 m
Kitchen 2nd Level 4.40 m x 2.71 m
Living 2nd Level 4.29 m x 6.13 m
Primary Bedroom 2nd Level 3.23 m x 3.76 m
Bathroom 2nd Level 1.74 m x 2.61 m
Kitchen 2nd Level 3.75 m x 3.21 m
Kitchen Basement Level 5.33 m x 2.51 m
Dining Basement Level 5.33 m x 2.18 m
Living Basement Level 5.33 m x 3.10 m
Family Basement Level 3.24 m x 7.79 m
Primary Bedroom Basement Level 3.33 m x 4.65 m
2nd Bedroom Basement Level 3.95 m x 3.38 m
Bathroom Basement Level 4.00 m x 3.38 m
Utility Basement Level 3.56 m x 3.59 m
Kitchen Main Level 4.69 m x 3.84 m
Dining Main Level 3.13 m x 2.28 m
Living Main Level 3.14 m x 3.15 m
Primary Bedroom Main Level 4.61 m x 4.19 m
2nd Bedroom Main Level 3.44 m x 3.25 m
3rd Bedroom Main Level 4.54 m x 3.60 m
Bathroom Main Level 4.60 m x 1.93 m
Bathroom Main Level 2.56 m x 1.94 m
Laundry Main Level 2.49 m x 1.93 m

Convert Measurement to:

Courtesy of: Revel Realty Inc. Brokerage

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Demographic Information of 373 FIRST AVENUE E, North Bay (Central), Ontario, P1B 1K2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$75,091.17

Average Number of Children

1.39

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.91 %

High school certificate or equivalent

29.85 %

Apprenticeship trade certificate/diploma

8.23 %

College/non-university certificate

27.33 %

University certificate (below bachelor)

1.03 %

University Degree

11.65 %

Commuter

Travel To Work

By Car

70.83 %

By Public Transit

8.12 %

By Walking

16.83 %

By Bicycle

0.42 %

By Other Methods

3.8 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

61.93 %

Houses

38.07 %

373 FIRST AVENUE E, North Bay (Central), Ontario, P1B 1K2