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Royal LePage
Royal LePage
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$1,110,000

745 MORIN STREET, North Bay (Central), Ontario, P1B 5S1

MLS® # X13501156

North Bay (Central) ON, P1B 5S1

MLS® # X13501156

Property Information:

Pride of ownership is evident throughout this meticulously maintained purpose-built triplex, offering investors a true turnkey opportunity with strong, reliable returns. Extensively updated over the years, this high-performing income property features two spacious 3-bedroom units and one 2-bedroom unit, along with shared coin-operated laundry that provides additional income. The building is fully occupied and has been operated as a non-smoking, pet-free property. With an excellent unit mix, on-site parking, private balconies, tenant storage, separate hydro meters, and minimal maintenance requirements, this property is well-positioned for continued long-term success. Currently generating approximately $86,400 in gross annual income and an estimated net operating income of $62,600 it , represents a solid addition to any investment portfolio. Detailed income and expense information are available to qualified buyers upon request. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Amenities: Separate Hydro Meters
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Fire Protection: Smoke Detectors
  • Floor Space: 2500 - 3000 sqft
  • Foundation Type: Block
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6+2
  • Bathrooms: 3
  • Floor Space (approx): 2500 - 3000 Square Feet
  • Irregular: Yes
  • Lot Depth: 125 Feet
  • Lot Frontage: 50 Feet
  • Lot Size: 50 x 125 FT
  • Structure Type: Deck
  • Zoning: R2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 745 MORIN STREET, North Bay (Central), Ontario, P1B 5S1

Demographic Information of 745 MORIN STREET, North Bay (Central), Ontario, P1B 5S1

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$91,308.94

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.6 %

High school certificate or equivalent

31.6 %

Apprenticeship trade certificate/diploma

7.21 %

College/non-university certificate

30.25 %

University Degree

10.34 %

Commuter

Travel To Work

By Car

77.4 %

By Public Transit

5.24 %

By Walking

12.39 %

By Bicycle

0.0 %

By Other Methods

4.97 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.22 %

Houses

61.78 %

Own Vs. Rent

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