For Sale: 860 Worthington Street E, North Bay, ON - REW
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$950,000
8 bd • 4 ba • 3500 - 4999 sf • Multifamily
860 Worthington Street E
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$950,000
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860 Worthington Street ENorth Bay, ON, P1B 1J4

  • 8 Bed
  • 4 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating and in-suite laundry hookups, this property generates over $90,000 in gross annual income. Three units currently rent for $1,950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request. (id:63626)
Listed by: AIMEE CAZABON, Salesperson, REALTY EXECUTIVES Local Group Inc., Brokerage

Home facts and features

Price details
List Price
$950,000
Get Pre-Approved
Gross Taxes for 2025
$9,378
Home facts
Bedrooms
8
Full Bathrooms
4
Parking Spaces
8
Parking Details
No Garage
Property Type
Multifamily
Lot Size
60 ft x 132 ft (7920 ft²)
Depth
132 feet
Frontage
60.0 feet
Exterior Finish
Vinyl siding
Heating Type
Radiant heat, Natural gas
Cooling
Window air conditioner, Air exchanger
Appliances
Refrigerator, Stove
Agent details
Primary Agent
AIMEE CAZABON
Primary Broker
REALTY EXECUTIVES Local Group Inc., Brokerage
Listing details
Days on REW
1 Day
MLS® Number
X14103222
Source
Canadian Real Estate Association
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Property Insights

É Sép Saint-Vincent
  • Catholic
  • JK - 6
St Francis School
  • Catholic
  • JK - 6
Silver Birches Elementary School
  • Public
  • JK - 6
É Saint-Raymond
  • Catholic
  • JK - 6
ÉS Cochrane
  • Public
  • 9 - 12
Mother St Bride School
  • Catholic
  • JK - 8
Algonquin School
  • Catholic
  • 7 - 12
Chippewa School
  • Public
  • 7 - 12
Our Lady of Fatima School
  • Catholic
  • JK - 8
St Joseph-Scollard Hall School
  • Catholic
  • 9 - 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
Salesperson
AIMEE CAZABON
Phone:
(705) 493-5867
Cell:
(705) 493-5867
Office:
705-478-8588
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