North Bay (central), ON P1B1B8,586 MAIN STREET E
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$ 499,900
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586 MAIN STREET E North Bay (central), ON P1B1B8

6 Beds

4 Baths

3,000 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $166

Subdivision Central

MLS® Listing ID X12274089

Bedrooms 6

Source North Bay and Area REALTORS® Association

Property Description

Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 36 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 2

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer


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Listed by Coldwell Banker-Peter Minogue R.E., Brokerage
agent

CHRIS HOLM

PERSONAL REAL ESTATE CORPORATION | License ID: 10430

+1(250) 309-0039

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586 MAIN STREET E