For Sale: 272 First Avenue W, North Bay, ON - REW
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$875,000
0 bd • 4 ba • 2959 sf • Multifamily
272 First Avenue W
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$875,000
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272 First Avenue WNorth Bay, ON, P1B 3C1

  • 0 Bed
  • 4 Bath
  • 2959 Sqft
  • Multifamily

About this home

Legal Fourplex but could be used as commercial uses or office through a change of use permit with the City of North Bay. If turnkey is what you are looking for then this investment property is for you. This building went through a full office building conversion to 4 residential units completed August 2023. The renovation list is long including all new wiring and 5 panels, flooring, kitchens, led lighting, bathrooms, plumbing, hot water heat, boiler (2026), attic insulation R60 with removal of vermiculite, trim, casings, doors, coin laundry and more. All building permits are closed, esa letters on all 5 panels, income and expenses as well as renovation and floor plans available. Previous owner added rear addition which is now part of unit 4 with in floor heat and 22 ft ceilings as well as shingles in 2018. Unit 1 is a four level 2 bedroom unit with access to a small fenced in backyard shared with unit 4. Unit 2 is a 2 level unit with 1 bedroom and AC at the front of the building, Unit 3 is a 1 bedroom unit off the common hallway. Unit 4 also has access to the small rear fenced in area, is a 2 level unit and the 2 bedrooms have 22 ft ceilings making this a very unique unit. Gross income $84,720 with Expenses including heat, house meter, insurance, water/sewer, maintenance, management and vacancy $27,861, leaving a Net income of $56,859 before mortgage. Ask your Realtor for supporting documentation. All photos are pre tenant move ins. Bonus: No Rent control on any of the units and all rents are plus hydro. Previous owner replaced sewer and water line as an added bonus to the purchaser. (id:63626)
Listed by: MIKE BURMAN, Broker of Record, REALTY EXECUTIVES Local Group Inc., Brokerage

Home facts and features

Price details
List Price
$875,000
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Gross Taxes for 2025
$8,954
Home facts
Bedrooms
0
Full Bathrooms
4
Parking Spaces
2
Property Type
Multifamily
Depth
132 feet
Frontage
36.0 feet
Heating Type
Hot water radiator heat, Natural gas
Cooling
Partially air conditioned,
Appliances
Dishwasher
Agent details
Primary Agent
MIKE BURMAN
Primary Broker
REALTY EXECUTIVES Local Group Inc., Brokerage
Listing details
Days on REW
42 Days
Property Views
12
MLS® Number
X13047008
Source
Canadian Real Estate Association
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Property Insights

Mother St Bride School
  • Catholic
  • JK - 8
ÉS Cochrane
  • Public
  • 9 - 12
Algonquin School
  • Catholic
  • 7 - 12
É Sép Saint-Vincent
  • Catholic
  • JK - 6
St Joseph-Scollard Hall School
  • Catholic
  • 9 - 12
Silver Birches Elementary School
  • Public
  • JK - 6
St Hubert School
  • Catholic
  • JK - 8
St Alexander School
  • Catholic
  • JK - 6
Alliance French Immersion Public School
  • Public
  • JK - 6
Chippewa School
  • Public
  • 7 - 12
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Call Agent
Broker of Record
MIKE BURMAN
Phone:
(705) 477-4442
Cell:
705-477-4442
Office:
705-478-8588
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.