For Sale: 14 Milford Crescent, North Bay, ON - REW
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$3,495,000
23 bd • 12 ba • 5000 - 99999 sf • Multifamily
14 Milford Crescent
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$3,495,000
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14 Milford CrescentNorth Bay, ON, P1A 1M3

  • 23 Bed
  • 12 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in. (id:63626)
Listed by: MIKE BURMAN, Broker of Record, REALTY EXECUTIVES Local Group Inc., Brokerage

Home facts and features

Price details
List Price
$3,495,000
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Gross Taxes for 2025
$28,800
Home facts
Bedrooms
23
Full Bathrooms
12
Parking Spaces
13
Parking Details
No Garage
Property Type
Multifamily
Lot Size
123 ft x 125 ft (15375 ft²)
Depth
125 feet
Frontage
123.0 feet
Exterior Finish
Steel, Brick
Heating Type
Natural gas
Features
Controlled entry
Appliances
Two Refrigerators, Two stoves, Water Heater
Agent details
Primary Agent
MIKE BURMAN
Primary Broker
REALTY EXECUTIVES Local Group Inc., Brokerage
Secondary Agent
JOSEE LAPERLE
Secondary Broker
REALTY EXECUTIVES Local Group Inc., Brokerage
Listing details
Days on REW
1 Day
MLS® Number
X14101536
Source
Canadian Real Estate Association
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Property Insights

St Francis School
  • Catholic
  • JK - 6
É Saint-Raymond
  • Catholic
  • JK - 6
Our Lady of Fatima School
  • Catholic
  • JK - 8
West Ferris School
  • Public
  • 7 - 12
É Sép Saint-Vincent
  • Catholic
  • JK - 6
Silver Birches Elementary School
  • Public
  • JK - 6
ÉS Cochrane
  • Public
  • 9 - 12
Mother St Bride School
  • Catholic
  • JK - 8
Algonquin School
  • Catholic
  • 7 - 12
Chippewa School
  • Public
  • 7 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker of Record
MIKE BURMAN
Phone:
(705) 477-4442
Cell:
705-477-4442
Office:
705-478-8588
Salesperson
JOSEE LAPERLE
Phone:
(705) 477-1045
Cell:
705-477-1045
Office:
705-478-8588
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