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Home ON Greater North Bay North Bay
483 1ST AVENUE EAST
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483 1ST AVENUE EAST $425,000
$425,000
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483 1ST AVENUE EAST
North Bay, Ontario P1B1K4

MLS® Number: 40639362
9
Bedrooms
5
Bathrooms
2608
Square Feet

Listing Description

This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo). (67987193)

Location Description

Right on Regina off of Main St E and left on 1st Ave.

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2.5
Square Footage
2608 sqft
Subdivision Name
Central
Title
Freehold
Land Size
under 1/2 acre
Built in
1920
Annual Property Taxes
$3,478.43
Total Parking Spaces
3
Time on REALTOR.ca
83 days

Building

Bathrooms
Total
5
Interior Features
Basement Type
Full (Finished)
Building Features
Rental Equipment
Other, Water Heater
Total Units
4
Heating & Cooling
Cooling
Wall unit
Heating Type
(Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
3

Measurements

Square Footage
2608 sqft
Above Grade Finished
1902 sqft
Source: Other
Below Grade Finished
706 sqft
Source: Other

Land

Lot Features
Frontage
35 ft
Land Depth
128 ft
Other Property Information
Zoning Description
Multiplex
Data provided by: The Oakville, Milton & District Real Estate Board 208 - 400 Main Street East, Milton, Ontario L9T 4X5

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