196 E Second Avenue E, North Bay, ON P1B 1L2
North Bay, ON, P1B 1L2 · Central
About this property
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.
Features & Amenities
- Basement: Apartment, Separate Entrance
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick Front, Brick Veneer
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 8 |
| Bathrooms | 4 |
| Lot Size | 3,068 Feet |
| Basement | Apartment, Separate Entrance |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $3,222 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- ERV/HRV, On Demand Water Heater
Exterior Features
- Exterior Features
- Lighting, Porch, Year Round Living
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick Front, Brick Veneer
- Foundation Details
- Block, Concrete, Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Apartment, Separate Entrance
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Available, Front Yard Parking
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 3067.71
- Lot Size Units
- Feet
- Lot Depth
- 85.00
- Lot Width
- 38.00
Financial & Tax
- Tax Annual Amount
- $3,222
- Tax Year
- 2026
- Tax Assessed Value
- $178,000
- Possession Type
- Immediate
- Possession Details
- Immediate
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 16
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 8
Additional Details
- Occupant Type
- Vacant
- Direction Faces
- South
- County Or Parish
- Nipissing
- Cross Street
- WYLD ST. AND SECOND AVE. E.
- Directions
- FISHER TO SECOND AVE. EAST
- Special Designation
- Unknown
- Showing Requirements
- See Brokerage Remarks, Showing System
Location
196 E Second Avenue E, North Bay, ON P1B 1L2, North Bay, ON, P1B 1L2