Added 1 week ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-2 To 5 Units
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Zoning: C2
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Age: 51-99 years
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Taxes: 3940
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MLS®#: X11931923
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Days on Site: 8 Days
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Added: Jan 20, 2025 (1 week ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: Royal LePage Northern Life Realty, Brokerage
This well-maintained triplex offers a fantastic investment opportunity or a chance to live in one unit while generating income from the others. Centrally located with easy access to shopping, bus routes, and other amenities, this property is a must-see! Apt. 1 is a 2 bedroom, 2 bath currently renting for 1839/month. Tenants will be leaving at the end of month, ideal for new tenants or as a personal residence. Apt. 2 is a 1 bedroom plus den renting at 1429 per month and Apt. 3 is a 1 bedroom renting at 922 per month. All rents are inclusive. The tenants are amazing and the remaining tenants want to stay. The building has been well cared for and all units are spacious and updated. There is also tenant parking and laundry in each unit. CCTV cameras are in operation to help ensure the safety and security of all individuals and the premises. Gross income is $50,280 annually with expenses for previous year at $17,837.00. Please note that this property is zoned C2, allowing for the potential to incorporate a commercial aspect into the building. This zoning provides flexibility for various business or commercial uses, in addition to its residential capabilities. Whether you're a seasoned investor or a first-time buyer, this triplex offers an excellent chance to secure steady rental income in a prime location.
Property
Status: Sale
Type: Apts-2 To 5 Units
Property Type: Investment
Property Type: Apartment
Age: 51-99
Net Income: 32443
Area: North Bay
Community: Central
Availability Date: TBA
Assessment Amount: $231,000
Assessment Year: 2025
Inside
Air Conditioning: N
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Gas Hot Water
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PLAN 21 PT LOTS 381 AND 382 AND RP 36R11984 PART 2
Taxes: $3,940
Expenses: Act
Insurance Fee: 2919
Operating Fees: 17837
Hydro Expense: 3487
Heat Expenses: 2352
Other Expenses: 2301
Taxes Type: Annual
Taxes: 3940
Water Fees: 2838
Land
Cross Street: Cassells, left on Wo
Municipality District: North Bay
Parcel Number: 491640320
Sewer: Sanitary
Lot Depth: 91.53 Feet
Lot Frontage: 42 Feet
Zoning: C2
Commercial Specific
Total Area: 3920.67
Total Area Metric: Sq Ft
Area Influence: Public Transit
Lot Code: Lot
Survey: N
Gross Income/Sales: 50280
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
