Address
4319 HWY 11 N, North Bay, ON
Price
$ 1,140,000
Property Attributes
- ID#40522481
- TypeMulti-Family
- CityNorth Bay
- NeighbourhoodCollege Heights
- Postal CodeP1B 8G3
- Style
- Price$ 1,140,000
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage5093
- Lot Size1.028 Acres
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Turnkey cash flowing 13 Unit residential complex sitting on 1 acre consisting of a newly renovated 3-bedroom stand-alone house, and a 12 unit converted motel rezoned in 2022 with 11 bachelor units and 1x1 bedroom unit. Gross rents are $135,791 with expense calculation including property management, vacancy and maintenance equaling $50,155 giving a net income before mortgage of $85,636. This complex has only 7 units close too or at market rent giving the new owner room to lift their investment when the remaining 5 tenants move out. Many supporting docs on including new shingles with ice guard to peak 2023, site plan control showing all buildings parking etc., water testing and well reports, zoning confirmations, fire retrofit 2014 and of course a detailed income and expenses report. 3 Bedroom house just received occupancy permits from city, previous fire remediation and recently renovated. Any touched renovations done to current code including electrical, gas furnace, framing, drywall etc. 4 older septics, drilled well with engineering reports under MOE guidelines. (id:7434)
General Features
| Features | Visual exposure,Crushed stone driveway,Laundry- Coin operated |
|---|---|
| Community Features | School Bus |
| Property Type | Multi-family |
| Zoning Description | RC Sp.22 with SPC |
| Building Cooling Type | None |
| Location Description | Hwy 11 North of North Bay 10 minutes to property |
| Parking Space Total | 18 |
| Foundation Type | Block |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Baseboard heaters,Forced air |
| Building Heating Fuel | Electric,Natural gas |
| Basement Type | None |
Exterior Features
| Sewer | Septic System |
|---|---|
| Exterior Finish | Vinyl siding |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in P1B 8G3
Price
Visits
