• Mobile: 1-866-382-2968
  • Office: 416-548-7854
  • Fax: 416-981-7184

$989,900
Available - For Sale
Listing ID: X13701478
196 Second Avenue East , North Bay, P1B 1L2, Nipissing


Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.
Price $989,900
Taxes: $3222.45
Assessment Year: 2026
Occupancy: Vacant
Address: 196 Second Avenue East , North Bay, P1B 1L2, Nipissing
Acreage: < .50
Directions/Cross Streets: WYLD ST. AND SECOND AVE. E.
Rooms: 16
Bedrooms: 8
Bedrooms +: 0
Family Room: T
Basement: Apartment, Separate Ent
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1 Second Bedroom .33 .33
Room 2 Second Bedroom 2 .33 .33
Room 3 Main Bedroom .33 .33
Room 4 Main Bedroom 2 .33 .33
Room 5 Main Bedroom 3 .33 .33
Room 6 Basement Bedroom .33 .33
Room 7 Basement Bedroom 2 .33 .33
Room 8 Basement Bedroom 3 .33 .33
Washroom Type No. of Pieces Level
Washroom Type 1 4 Basement
Washroom Type 2 4 Main
Washroom Type 3 3 Main
Washroom Type 4 4 Second
Washroom Type 5 0
Total Area: 0.00
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick Front, Brick Veneer
Garage Type: None
(Parking/)Drive: Available,
Drive Parking Spaces: 4
Park #1
Parking Type: Available,
Park #2
Parking Type: Available
Park #3
Parking Type: Front Yard
Pool: None
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
Click here to see virtual Tour
$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOMELIFE ELITE SERVICES REALTY INC.
  • Listing -1 of 0
Personal Picture
Maria Tompson
Sales Representative
Dir:
1-866-382-2968
Bus:
416-548-7854
Fax:
416-981-7184
 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Freehold - Fourplex
Area: Nipissing
Municipality: North Bay
Neighbourhood: Central
Style: 2-Storey
Lot Size: x 85.00(Feet)
Approximate Age:
Tax: $3,222.45
Maintenance Fee: $0
Beds: 8
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
View Larger Map
Payment Calculator:
$
%
%
Years
Calculate
Listing info
Description
General Details
Room & Interior
Exterior
Utilities
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Private Website
Print This Page