4319 Ontario 11, North Bay | Image 1

4319 Ontario 11

North Bay, College Heights

  • - bed - bath
$X,XXX,XXX est.*: $3,862/mo
For Sale

Added 1 day ago

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  • Type: Multiplex

  • Style: Other

  • Lot Size: 210 x 210 Feet

  • Age: No Data

  • Taxes: $11,642 per year

  • Days on Site: 1 Days

  • Added: Jan 16, 2025 (1 day ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X11929536

  • Listed By: Realty executives local group inc. brokerage

Looking for a cash-flowing property that meets the 1% rule? Consider how the cash flow could improve as interest rates decline. This turnkey 13-unit residential complex sits on a 1 acre lot and includes a newly renovated 3-bedroom stand-alone home, along with a 12-unit main building rezoned in 2022. The main building features 11 bachelor units and one, 1-bedroom unit. Gross rents total $137,452, with expenses for property management, vacancy, and maintenance estimated at $53079, resulting in a net income before mortgage of $78,875. Currently, 7 of the units are at or near market rent, offering the new owner potential for increased returns as the remaining 5 tenants transition. Supporting documents include new shingles with ice guard (2023), a site plan control showing all buildings and parking, water testing and well reports, zoning confirmations, a 2014 fire retrofit, and a detailed income and expenses report. The 3-bedroom house has received occupancy permits following fire remediation and renovations, all completed to current code, including electrical, gas furnace, framing, and drywall. The property also includes 5 older septic systems and a drilled well with engineering reports meeting MOE guidelines.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: Other

  • Area: North Bay

  • Community: College Heights

  • Availability Date: Flexible

Inside

  • Bedrooms: 4

  • Bathrooms: 13

  • Kitchens: 9

  • Kitchens Plus: 4

  • Rooms: 31

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 13

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Telephone: Available

Building

  • Basement: None

  • Heat Type: Other

  • Heat Source: Other

  • Exterior: Vinyl Siding

  • Water Supply: Well

  • Special Designation: Unknown

  • Other Structures: Aux Residences

Parking

  • Driveway: Front Yard

  • Garage Type: None

  • Covered Parking Spaces: 18

  • Total Parking Spaces: 18

Fees

  • Tax Year: 2024

  • Tax Legal Description: PCL 2137 SEC WF; PT E 1/2 LT 21 CON 2 WIDDIFIELD AS IN LT46410;

  • Taxes: $11,642

Highlights

  • Feature: Public Trans

  • Feature: School Bus Route

Land

  • Cross Street: Hwy 11 North

  • Municipality District: North Bay

  • Fronting On: West

  • Parcel Number: 491270016

  • Pool: None

  • Sewer: Septic

  • Lot Depth: 210 Feet

  • Lot Frontage: 210 Feet

  • Zoning: RC Sp.22 with SP

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Car-Dependent

  • Almost all errands require a car.
0 /100

Somewhat Bikeable

  • Most errands require a car.
27 /100
Join or Sign in • See photos & sold data
Sold Jan 28, 2008
$XXX,XXX
  • — bath
  • — bed

3350 HWY 11 North, North Bay, Ontario • P1B 8G3

Join or Sign in • See photos & sold data
Sold Mar 08, 2012
$XXX,XXX
  • — bath
  • — bed

753 LAROCQUE Road, North Bay, Ontario • P1B 8G3

Map of 4319 Ontario 11, North Bay
JK-6

Woodland Public School

Elementary: Public
6.81 km
JK-8

St Hubert Separate School

Elementary: Catholic
7.37 km
JK-6

E T Carmichael Public School

Elementary: Public
6.83 km
JK-6

Vincent Massey Public School

Elementary: Public
6.47 km
JK-6

École élémentaire catholique Saints-Anges

Elementary: Catholic
7.25 km
JK-6

École publique Héritage

Elementary: Public
7.26 km
9-12

École secondaire publique Odyssée

Secondary: Public
7.27 km
9-12

West Ferris Secondary School

Secondary: Public
12.74 km
9-12

École secondaire catholique Algonquin

Secondary: Catholic
8.04 km
9-12

Chippewa Secondary School

Secondary: Public
8.91 km
9-12

Widdifield Secondary School

Secondary: Public
6.33 km
9-12

St Joseph-Scollard Hall Secondary School

Secondary: Catholic
7.62 km

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