196 Second Avenue

ActiveNorth Bay · Central1 day on marketMLS® X13701478
$989,900
$495 / sq ft
Bedrooms8
Bathrooms4
Interior2,000 sq ft
Lot Size3,068 sq ft
TypeMulti-Family
ListingFor Sale
Days on Market1

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 & finishes

View
Air Conditioning
Basement

Property details

MLS® NumberX13701478
StatusActive
Listing TypeFor Sale
Property TypeMulti-Family
Interior Size2,000 sq ft
Lot Size3,068 sq ft
Beds / Baths8 bed · 4 bath
NeighbourhoodCentral
CityNorth Bay
Postal CodeP1B 1L2
ProvinceON
Listed DateAugust 21, 2026
Days on Market1
Price per Sq Ft$495
BrokerageHOMELIFE ELITE SERVICES REALTY INC.

Location

Similar Properties Nearby

Photo of 425 King Street
$279,000
425 King Street
North Bay · 3 bed · 2 bath · Single Family Home

Sold Properties Nearby

Sign in to reveal recent sold prices in this area.

Listed by HOMELIFE ELITE SERVICES REALTY INC.