196 Second Avenue E, North Bay (central) Property Listing: MLS® #X13701478

About 196 Second Avenue E

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. (id:36535)

Features of 196 Second Avenue E

Listing #	X13701478
Price	$989,900
Bedrooms	8
Bathrooms	4.00
Acres	0.00
Type	Multi-family

Community Information

Address	196 Second Avenue E
Subdivision	Central
City	North Bay (central)
Province	Ontario
Postal Code	P1B1L2

Amenities

Utilities	Cable, Electricity, Sewer
Features	Lighting
Parking Spaces	4
Parking	No Garage
Is Waterfront	No
Has Pool	No

Interior

Appliances	Water Heater - Tankless, Stove, Refrigerator
Heating	Natural gas Radiant heat
Cooling	None
Fireplace	No
# of Stories	2
Has Basement	Yes
Basement Features	Apartment in basement, Separate entrance
Basement Type	N/A, N/A

Exterior

Exterior	Brick Facing, Brick Veneer
Lot Description	38 x 85 FT\|under 1/2 acre
Foundation	Block, Concrete

Listing Details

Office	Courtesy Of HOMELIFE ELITE SERVICES REALTY INC.

196 Second Avenue E, North Bay (central), Ontario