230-232 Fifth Avenue West, North Bay | Image 1

230-232 Fifth Avenue West

North Bay, Central

  • - bed - bath - sqft
$XXX,XXX est.*: $1,964/mo
For Sale

Added 4 hours ago

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  • Type: Fourplex

  • Style: 2-Storey

  • Size: 3000 sqft

  • Lot Size: 40.26 x 117 Feet

  • Age: 100+ years

  • Taxes: $5,400 per year

  • Added: Feb 27, 2025 (4 hours ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X11990952

  • Listed By: Royal lepage northern life realty, brokerage

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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Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: 2-Storey

  • Size (sq ft): 3000

  • Age: 100+

  • Area: North Bay

  • Community: Central

  • Availability Date: TBD

  • Assessment Amount: $311,000

  • Assessment Year: 2025

Inside

  • Bedrooms: 6

  • Bathrooms: 4

  • Kitchens: 4

  • Rooms: 22

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Laundry Level: Main

  • Central Vacuum: N

  • Washrooms: 4

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Basement: Part Bsmt

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

  • Other Structures: Garden Shed

Parking

  • Driveway: Pvt Double

  • Garage Type: None

  • Covered Parking Spaces: 2

  • Total Parking Spaces: 2

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 248 PL 54 WIDDIFIELD; NORTH BAY ; DISTRICT OF NIPISSING

  • Taxes: $5,400

Highlights

  • Feature: Fenced Yard

  • Feature: Public Transit

  • Feature: School

  • Feature: School Bus Route

Land

  • Cross Street: Cassells St & Fifth

  • Municipality District: North Bay

  • Fronting On: East

  • Parcel Number: 491550104

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 117 Feet

  • Lot Frontage: 40.26 Feet

  • Zoning: R3

  • Rural Services: Garbage Pickup

  • Rural Services: Natural Gas

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Very Walkable

  • Most errands can be accomplished on foot.
82 /100

Very Bikeable

  • Most errands can be accomplished on bike.
74 /100
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Map of 230-232 Fifth Avenue West, North Bay
JK-8

Mother St Bride School

Elementary: Catholic
0.46 km
JK-6

École séparée Saint-Vincent

Elementary: Catholic
0.44 km
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École secondaire catholique Algonquin

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St Hubert Separate School

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0.95 km
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Chippewa Intermediate School

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0.86 km
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Alliance French Immersion Public School

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0.80 km
9-12

École secondaire publique Odyssée

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2.27 km
9-12

West Ferris Secondary School

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4.56 km
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École secondaire catholique Algonquin

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0.68 km
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Chippewa Secondary School

Secondary: Public
0.77 km
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Widdifield Secondary School

Secondary: Public
2.15 km
9-12

St Joseph-Scollard Hall Secondary School

Secondary: Catholic
0.70 km

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