Added 3 days ago
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Type: Triplex
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Style: 2 1/2 Storey
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Size: 2000 sqft
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Lot Size: 33 x 132 Feet
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Age: 51-99 years
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Taxes: $4,243 per year
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Days on Site: 2 Days
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Added: Feb 18, 2025 (3 days ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11977040
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Listed By: Realty executives local group inc. brokerage
If you've been searching for the perfect opportunity to enter the investment market, this property could be your ideal match. Priced competitively, this legal, non-conforming all-brick triplex offers a gross income of $41,086 and an impressive 8% cap rate. The property is centrally located offering easy access to shopping, schools, and a full range of amenities. Its prime location along a public transit route makes it an excellent choice for tenants without vehicles. The main floor features a recently renovated, vacant 3-bedroom unit, ready for new tenants or an owner looking to live on-site while benefiting from rental income. The second-floor 2-bedroom unit and third-floor bachelor unit are both occupied by reliable long-term tenants. For added peace of mind, each unit is separately metered and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro.
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Property
Status: Sale
Property Type: Triplex
Style: 2 1/2 Storey
Size (sq ft): 2000
Age: 51-99
Area: North Bay
Community: Central
Availability Date: Flexible
Assessment Amount: $248,000
Assessment Year: 2024
Inside
Bedrooms: 5
Bathrooms: 3
Kitchens: 3
Rooms: 10
Den/Family Room: Yes
Air Conditioning: None
Fireplace: No
Central Vacuum: N
Washrooms: 3
Utilities
Electricity: Yes
Gas: Yes
Cable: Available
Telephone: Available
Building
Basement: Part Fin
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Exterior: Vinyl Siding
Water Supply: Municipal
Special Designation: Unknown
Retirement: N
Parking
Driveway: Front Yard
Garage Spaces: 2
Garage Type: Detached
Covered Parking Spaces: 2
Total Parking Spaces: 2
Fees
Tax Year: 2024
Tax Legal Description: PT LT 510 PL 21 WIDDIFIELD AS IN NB143058, S/T & T/W NB143058; N
Taxes: $4,243
Highlights
Feature: Library
Feature: Place Of Worship
Feature: Public Transit
Feature: Rec Centre
Feature: School
Feature: School Bus Route
Land
Cross Street: Ferguson or Wyld
Municipality District: North Bay
Fronting On: North
Parcel Number: 491650101
Pool: None
Sewer: Sewers
Lot Depth: 132 Feet
Lot Frontage: 33 Feet
Zoning: R3
Very Walkable
- Most errands can be accomplished on foot.
Very Bikeable
- Most errands can be accomplished on bike.
Mother St Bride School
Elementary: CatholicÉcole séparée Saint-Vincent
Elementary: CatholicÉcole secondaire catholique Algonquin
Elementary: CatholicSt Hubert Separate School
Elementary: CatholicSt. Luke Separate School
Elementary: CatholicAlliance French Immersion Public School
Elementary: PublicÉcole secondaire publique Odyssée
Secondary: PublicWest Ferris Secondary School
Secondary: PublicÉcole secondaire catholique Algonquin
Secondary: CatholicChippewa Secondary School
Secondary: PublicWiddifield Secondary School
Secondary: PublicSt Joseph-Scollard Hall Secondary School
Secondary: Catholic-
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