$499,900

586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

MLS® # X12679990

North Bay (Central) ON, P1B 1B8

MLS® # X12679990

Property Information:

Excellent investment opportunity in downtown North Bay. This solid income property features three self-contained 1-bedroom units plus a legal 3-room rooming house on the second floor, offering strong and consistent cash flow. Numerous upgrades completed within the past 3-6 years include fresh paint, new flooring, updated kitchens and bathrooms, a 200-amp electrical panel, and owned furnace and hot water tank replaced approximately 3 years ago. Tenants enjoy on-site coin laundry and an unbeatable location within walking distance to shopping, restaurants, public transit, GoodLife Fitness, and the waterfront. A rare, high-performing asset in a prime location-tenants love the convenience, and investors will love the returns. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Type: N/A
Exterior Finish: Brick
Fire Protection: CO2 Detector, Smoke Detectors
Floor Space: 3000 - 3500 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 5+1
Bathrooms: 4
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 99.8 Feet
Lot Frontage: 29.8 Feet
Lot Size: 29.9 x 99.8 FT
Zoning: C2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 2

Courtesy of: Coldwell Banker-Peter Minogue R.E., Brokerage

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⚠ Potential Investment Performance

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Market Price Trends

Location of 586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

Lifestyle
Neighbourhood

Demographic Information of 586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$69,774.07

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.08 %

High school certificate or equivalent

34.46 %

Apprenticeship trade certificate/diploma

5.3 %

College/non-university certificate

30.59 %

University Degree

10.56 %

Commuter

Travel To Work

By Car

78.92 %

By Public Transit

4.11 %

By Walking

13.29 %

By Bicycle

0.0 %

By Other Methods

3.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

49.34 %

Houses

50.66 %

Own Vs. Rent