745 MORIN STREET
North Bay (Central), Ontario
MLS® X13501156
$1,110,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13501156
- Bedrooms
- 8
- Bathrooms
- 3
- Year built
- —
1 / 34Listing description
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 $58,149 it , represents a solid addition to any investment portfolio. Detailed income and expense information are available to qualified buyers upon request.
Roof has recently been re-shingled.
Property summary
- MLS® number
- X13501156
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 50 x 125 FT
- Annual property taxes
- $5,221.00
- Parking
- 4 spaces · No Garage
- Days on market
- 80 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- Finished, Full
- Appliances
- Washer, Refrigerator, Water meter, Stove, Dryer
- Exterior features
- Brick
What would this home cost you?
Based on the $1,110,000 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 Royal LePage Northern Life Realty, 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.