196 Second Avenue E North Bay, Ontario P1B 1L2
$989,900
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. (id:49269)
Property Details
| MLS® Number | X13701478 |
| Property Type | Multi-family |
| Community Name | Central |
| Equipment Type | Furnace |
| Features | Lighting |
| Parking Space Total | 4 |
| Rental Equipment Type | Furnace |
| Structure | Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Appliances | Water Heater - Tankless, Stove, Refrigerator |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a, N/a |
| Cooling Type | None |
| Exterior Finish | Brick Facing, Brick Veneer |
| Foundation Type | Block, Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 85 Ft |
| Size Frontage | 38 Ft |
| Size Irregular | 38 X 85 Ft |
| Size Total Text | 38 X 85 Ft|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
| Second Level | Bedroom 2 | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
| Basement | Bedroom | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
| Basement | Bedroom 2 | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
| Basement | Bedroom 3 | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
| Main Level | Bedroom | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
| Main Level | Bedroom 2 | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
| Main Level | Bedroom 3 | 0.1 m | 0.1 m | 0.1 m x 0.1 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30184943/196-second-avenue-e-north-bay-central-central
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August 21 2026 11:02:50
Toronto Regional Real Estate Board
Homelife Elite Services Realty Inc.