$675,000

451 FIRST AVENUE W, North Bay, Ontario, P1B 3C5

MLS® # X13138442

North Bay ON, P1B 3C5

MLS® # X13138442

Property Information:

This four Plex multifamily house is an excellent source of investment revenue. All four rentals are filled with solid tenants. There are two 1 bedroom units and two 2 bedroom units. There is parking for four Vehicles. A two car garage is detached in the backyard A 5th unit is utilized by the landlord in the entire basement with separate entrances both at the side and back of the house There is pay per use laundry in the common area lobby. Security and life safety are addressed with key control and camera surveillance in the common area areas and perimeter of the house Smart technology is utilized to manage remotely through automatic door lock, Wi-Fi smoke detector, cameras and light switches. All units are individually needed for Hydro. Closing on this house is flexible. Showings can be arranged once an agreement in principal has been reached in an effort to minimize tenant inconvenience. *For Additional Property Details Click The Brochure Icon Below* (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 2362 sqft
Heating Type: Baseboard heaters
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 5
Floor Space (approx): 2362 Square Feet
Irregular: Yes
Lot Depth: 154.4 Feet
Lot Frontage: 66 Feet
Lot Size: 66 x 154.44 FT
Zoning: R3
No. of Parking Spaces: 4

Courtesy of: ICI SOURCE REAL ASSET SERVICES INC.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 451 FIRST AVENUE W, North Bay, Ontario, P1B 3C5

Lifestyle
Neighbourhood

Demographic Information of 451 FIRST AVENUE W, North Bay, Ontario, P1B 3C5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,695.48

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.96 %

High school certificate or equivalent

24.31 %

Apprenticeship trade certificate/diploma

6.42 %

College/non-university certificate

29.24 %

University certificate (below bachelor)

0.17 %

University Degree

20.9 %

Commuter

Travel To Work

By Car

73.5 %

By Public Transit

6.89 %

By Walking

17.2 %

By Bicycle

0.91 %

By Other Methods

1.5 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

59.23 %

Houses

40.77 %

Own Vs. Rent