$1,110,000

Investment For Sale In North Bay (Central), Ontario

$1,110,000

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

Courtesy of: Royal LePage Northern Life Realty

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