860 Worthington Street E North Bay, Ontario P1B 1J4
$950,000
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 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. (id:49269)
Property Details
| MLS® Number | X14103222 |
| Property Type | Multi-family |
| Community Name | Central |
| Parking Space Total | 8 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Appliances | Stove, Refrigerator |
| Basement Type | None |
| Cooling Type | Window Air Conditioner, Air Exchanger |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60 X 132 Ft |
| Size Total Text | 60 X 132 Ft |
https://www.realtor.ca/real-estate/30428761/860-worthington-street-e-north-bay-central-central
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October 21 2026 06:26:34
North Bay and Area REALTORS® Association
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