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332 2nd Ave E

2nd Ave EDowntown North BayNorth BayON, P1B 1L6

5
Beds
3
Baths
2,500 - 3,000
Sq. Ft.
$499,900
List Price
332 2nd Ave E, North Bay, ON - 1 of 3
332 2nd Ave E, North Bay, ON - 2 of 3
332 2nd Ave E, North Bay, ON - 3 of 3
38 days on market

332 Second Avenue E is a well-maintained triplex that has seen several updates over the years. Whether you're looking to live in one unit and collect rent from the others or just looking for a great investment opportunity, then look no further. This property is centrally located close to all amenities, including shopping, transit, and... Show More

332 Second Avenue E is a well-maintained triplex that has seen several updates over the years. Whether you're looking to live in one unit and collect rent from the others or just looking for a great investment opportunity, then look no further. This property is centrally located close to all amenities, including shopping, transit, and more. Unit 1 on the main floor has been renovated from the studs and is a large 1-bedroom, 1-bathroom unit with it's own laundry room and is currently renting for $1435 per month inclusive. Unit 2 on the second floor has 2 bedrooms and 1 bathroom with laundry and is currently collecting $1155.69 per month, inclusive. Unit 3 on the top floor has seen many updates and upgrades, boasting a 2 bedroom and 1 bathroom that currently generates $1425 a month, inclusive. This building has been well maintained over the years, with the foundation being reinforced, updated electrical, fire retrofit, and the updated roof in 2020. Gross income is $48,188.28 annually, with lots of opportunity to increase equity and with the separate hydro meters for each unit to minimize your expenses, you don't want to miss out on this opportunity.

Property Details

Size

2,500 - 3,000 sq. ft.
5 Beds
5 Above Grade
3 Baths

Parking

3 Parking Spaces
-

Lot

Size
33′0″ * 132′0″
Acres
-

Build

Year Built
1926 - 1974
Model Name
-
Basement
Crawl Space
Exterior
Vinyl Siding
Foundation
Stone
Builder Name
-
Stories
-
Flooring
-
Roof
Asphalt Shingle

Heating & Cooling

Heating
Baseboard
Cooling
None

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$4,200

Source

Listing Brokerage

MLS® Listing
X11986882
Last Updated
February 25, 2025
Brokerage
Royal LePage Northern Life Realty, Brokerage
Call us 800-591-0566

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