For Sale: 196 Second Avenue E, North Bay, ON - REW
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$989,900
8 bd • 4 ba • 2000 - 2499 sf • Multifamily
196 Second Avenue E
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$989,900
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196 Second Avenue ENorth Bay, ON, P1B 1L2

  • 8 Bed
  • 4 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached. (id:63626)
Listed by: SALMAN S. KAZI, Sales Representative, HOMELIFE ELITE SERVICES REALTY INC.

Home facts and features

Price details
List Price
$989,900
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Gross Taxes for 2026
$3,222
Home facts
Bedrooms
8
Full Bathrooms
4
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
85 feet
Frontage
38.0 feet
Exterior Finish
Brick Facing, Brick Veneer
Heating Type
Radiant heat, Natural gas
Basement Details
Apartment in basement, Separate entrance, ,
Features
Lighting
Appliances
Refrigerator, Stove, Water Heater - Tankless
Agent details
Primary Agent
SALMAN S. KAZI
Primary Broker
HOMELIFE ELITE SERVICES REALTY INC.
Listing details
Days on REW
5 Days
MLS® Number
X13701478
Source
Canadian Real Estate Association
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Property Insights

É Sép Saint-Vincent
  • Catholic
  • JK - 6
ÉS Cochrane
  • Public
  • 9 - 12
Mother St Bride School
  • Catholic
  • JK - 8
Silver Birches Elementary School
  • Public
  • JK - 6
Algonquin School
  • Catholic
  • 7 - 12
St Joseph-Scollard Hall School
  • Catholic
  • 9 - 12
Alliance French Immersion Public School
  • Public
  • JK - 6
Chippewa School
  • Public
  • 7 - 12
St Hubert School
  • Catholic
  • JK - 8
St Alexander School
  • Catholic
  • JK - 6
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Call Agent
Sales Representative
SALMAN S. KAZI
Phone:
(705) 493-2548
Office:
416-283-1555
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