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232 5th Ave W

5th Ave W, North Bay, ON, P1B 3N6

6
Beds
4
Baths
3,000 - 3,500
Sq. Ft.
$549,900
List Price
Details
Photos
18
Comparables
History
232 5th Ave W, North Bay, ON - 1 of 3
232 5th Ave W, North Bay, ON - 2 of 3
232 5th Ave W, North Bay, ON - 3 of 3
36 days on market

Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates... Show More

Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.

Property Details

Size

3,000 - 3,500 sq. ft.
6 Beds
6 Above Grade
4 Baths

Parking

2 Parking Spaces
-

Lot

Size
40′3″ * 117′0″
Acres
-

Build

Year Built
1925
Model Name
-
Basement
Unfinished, Partial Basement
Exterior
Brick, Vinyl Siding
Foundation
Concrete Block, Stone
Builder Name
-
Stories
-
Flooring
-
Roof
Shingles, Metal

Heating & Cooling

Heating
Forced Air
Cooling
None

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$5,400

Source

Listing Brokerage

MLS® Listing
X11990952
Last Updated
March 19, 2025
Brokerage
Royal LePage Northern Life Realty, Brokerage
Call us 800-591-0566

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