196 SECOND AVENUE E
North Bay (Central), Ontario
MLS® X13701478
$989,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13701478
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- —
1 / 50Listing description
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.
Property summary
- MLS® number
- X13701478
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 38 x 85 FT
- Annual property taxes
- $3,222.45
- Parking
- 4 spaces · No Garage
- Days on market
- 27 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- Apartment in basement, Separate entrance, N/A, N/A
- Appliances
- Refrigerator, Stove, Water Heater - Tankless
- Exterior features
- Brick Facing, Brick Veneer
- Lot features
- Lighting
What would this home cost you?
Based on the $989,900 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 HOMELIFE ELITE SERVICES REALTY INC., TORONTO.
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.