373 First Ave, North Bay, Ontario P1B 1K2
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Highlights
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Price/Sqft$286/sqft
Monthly cost
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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. Pre-inspected for your peace of mind.
Property Details
Interior
Features
Main Floor
Kitchen
4.69 x 3.84Tile Floor / W/O To Patio / Sliding Doors
Dining
3.13 x 2.28hardwood floor / Open Concept
Living
3.14 x 3.15hardwood floor / Open Concept
Primary
4.61 x 4.19Exterior
Features
Parking
Garage spaces 1
Garage type Attached
Other parking spaces 6
Total parking spaces 7
Property History
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