North Bay, ON P1B 1K4,483 1st Avenue East
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North Bay, ON P1B 1K4,483 1st Avenue East
North Bay, ON P1B 1K4,483 1st Avenue East
North Bay, ON P1B 1K4,483 1st Avenue East
North Bay, ON P1B 1K4,483 1st Avenue East
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Listed by Morgan Little • Chase Realty Inc., Brokerage
$ 425,000
Est. payment /mo
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Active

483 1st Avenue East North Bay, ON P1B 1K4

9 Beds

5 Baths

1,902 SqFt


UPDATED:

09/26/2024 04:22 PM

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,902 sqft

Price per Sqft $223

MLS Listing ID 40639362

Bedrooms 9

Abv Grd Liv Area 2,608

Originating Board Oakville

Year Built 1920

Annual Tax Amount $3,478

Property Description

This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well.

In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo).

Location

Province ON

County Nipissing

Area North Bay

Zoning Multiplex

Direction Right on Regina off of Main St E and left on 1st Ave.

Rooms

Basement Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Natural Gas

Cooling Wall Unit(s)

Fireplace No

Laundry None

Exterior

Waterfront No

Roof Type Metal

Lot Frontage 34.68

Lot Depth 127.7

Garage No

Building

Lot Description Rectangular, City Lot, Public Transit, School Bus Route

Faces Right on Regina off of Main St E and left on 1st Ave.

Story 2.5

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community No

Tax ID 491540032

Ownership Freehold/None


Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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483 1st Avenue East