230-232 Fifth Avenue, North Bay, ON
This listing is no longer active (Sold)
This property has been sold, leased, or taken off the market. You can view similar active listings below.
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Central. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $539,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 40.26 x 117 ft lot
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- Efficient forced air heating via gas
Description
Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost$43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.
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Key Features
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Property Details
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Features
Property Features
Fenced Yard, Public Transit, School, School Bus Route
Interior Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 230-232 Fifth Avenue W, North Bay, ON P1B 3N6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
