Sharli Esson Gordon

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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. There were minor changes made to actual construction as compared to plans attached. (id:23309)

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 Sharli Esson Gordon to schedule a viewing or to discover other North Bay homes for sale.

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