The investment you have been waiting for! Great opportunity to quickly increase your unit portfolio with a property that makes money from day one. Fifteen units comprised of 7 one bedroom, 6 two bedroom, one three bedroom and one commercial unit. Fully rented with good tenants. No outstanding rents owed. Gross rent $186,366/yr, Expenses $68,138/yr, Profit $188,228/yr. Hydro is separately metered but currently paid by the owner fire system in place and recently inspected with certificate of compliance.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2 1/2 Storey
Approx. Age:
51-99
Total Approx Floor Area:
700-1100
Depth:
128'7½"39.2 m
Frontage:
132'2"40.3 m
Direction Faces:
South
Bedrooms:
22
Bathrooms:
15.0
Water supply:
Municipal
Kitchens:
14
Bedrooms Above Grade:
22
Kitchens Above Grade:
14
Rooms Above Grade:
50
Zoning:
R3
Heating type:
Baseboard
Heating Fuel:
Gas
Foundation:
Concrete Block, Stone
Roof:
Asphalt Shingle, Rolled
Basement:
Apartment
Fireplace/Stove:
No
Garage:
Attached
Garage Spaces:
1.0
Parking Spaces:
17
Total Parking Spaces:
18.0
Family Room:
No
Possession Details:
Flexible
Pool:
None
HST Applicable To Sale Price:
In Addition To
Assessment:
$737,000
Assessment Year:
2024
Taxes:
$19,898 /
2024
Assessment:
$737,000.00 /
2024
North Bay
Central
Nipissing
Sump Pump
Carbon Monoxide Detectors, Smoke Detector
All fridges and stoves, 2 wi-fi sump pump back up systems.