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196 Second Avenue East, North Bay, ON P1B1L2

$989,9008Beds 4Baths 2,000Sqft Central

Property Overview

  • Row / Townhouse Home Type
  • Fourplex Building Type
  • 21780 Sqft Lot Size
  • CentralCommunity
  • 8 Beds
  • 4 Full Baths
  • 0 Half Baths
  • 4 Parking Space(s)
  • Property Taxes
  • 8 days Days on Market
  • X13701478 MLS® #
  • $495 Price / Sqft
  • Two Storey Style
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Description

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.

Interior Details

See Home Description
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0
None
Part

Exterior Details

Brick
2
Brick Veneer
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Asphalt Shingles
Concrete

More Information

Property

None
See Home Description

Parking

Yes
4
No Garage

Utilities

Municipal / City

Data is supplied by the Toronto Regional Real Estate Board (TRREB) MLS® System. TRREB is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data was last updated Friday, August 28, 2026, 2:38:49 PM UTC.