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Renanza Realty
For sale

373 FIRST AVENUE E

North Bay (Central), Ontario

MLS® X13860652

$1,179,900

Status
Active
Property type
Multi-family
MLS® number
X13860652
Bedrooms
10
Bathrooms
4
Year built
—

Listing description

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.

Property summary

MLS® number
X13860652
Property type
Multi-family
Building type
Triplex
Land size
66 x 132 FT
Annual property taxes
$10,851.36
Parking
7 spaces · Attached Garage, Garage
Days on market
5 days

Features & details

Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Full
Flooring
Tile, Hardwood
Appliances
Refrigerator, Water meter, Dishwasher, Stove, Dryer, Water Heater - Tankless, Water Heater
Exterior features
Stone
Lot features
Flat site, Lane, In-Law Suite
Community features
School Bus

What would this home cost you?

Based on the $1,179,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$5,490 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Revel Realty Inc. Brokerage, NORTH BAY.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.