196 SECOND AVENUE E, North Bay, Ontario

$989,900

8 Beds
4 Baths

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. (id:50212)

Listing ID: X13701478
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Bedroom	Second level	0.1 m x 0.1 m
Bedroom 2	Second level	0.1 m x 0.1 m
Bedroom	Basement	0.1 m x 0.1 m
Bedroom 2	Basement	0.1 m x 0.1 m
Bedroom 3	Basement	0.1 m x 0.1 m
Bedroom	Main level	0.1 m x 0.1 m
Bedroom 2	Main level	0.1 m x 0.1 m
Bedroom 3	Main level	0.1 m x 0.1 m

Details

Equipment: Furnace
Features: Lighting
Parking Spaces: 4
Rental Equipment: Furnace
Structure: Porch
Transaction: For sale

Building

Appliances: Water Heater - Tankless, Stove, Refrigerator
BasementType: N/A, N/A
Basement Features: Apartment in basement, Separate entrance
Bedrooms Main Level: 8
Cooling: None
Exterior Finish: Brick Facing, Brick Veneer
Fireplace Present: False
Foundation: Block, Concrete
Bathrooms (Total): 4
Heating: Radiant heat
Heating Fuel: Natural gas
Size Interior: 2000 - 2500 sqft
Stories Total: 2
Type: Fourplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 38 ft
Size Irregular: 38 x 85 FT

Listing provided by HOMELIFE ELITE SERVICES REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 196 SECOND AVENUE E in North Bay Ontario. It was last modified on August 21st, 2026. Contact The TanTeam to schedule a viewing or to discover other North Bay real estate for sale.

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