860 WORTHINGTON STREET E
North Bay (Central), Ontario
MLS® X14103222
$950,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14103222
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- —
1 / 31Listing description
Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating on the main floor, gas forced air on the second floor, and in-suite laundry hookups, this property generates over $90,000 in gross annual income.
Three units currently rent for $1,950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.
71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request.
Property summary
- MLS® number
- X14103222
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 60 x 132 FT
- Annual property taxes
- $9,378.00
- Parking
- 8 spaces · No Garage
- Days on market
- 12 days
Features & details
- Heating
- Radiant heat, Forced air, Natural gas
- Cooling
- Window air conditioner, Air exchanger
- Basement
- None
- Appliances
- Refrigerator, Stove
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $950,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REALTY EXECUTIVES Local Group 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.