196 E Second Avenue E, North Bay, ON P1B 1L2
196 E Second Avenue E, North Bay, ON P1B 1L2, Central, North Bay
About this property
Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.
Property information
Bedrooms
8
Bathrooms
4
Parking
4
Interior
2000-2500 sqft
Lot size
3067.71 Feet
Year built
—
Kitchens
4
Systems & features
Listing history
Market demand
Seller's Market
1 month of supply — 56 active, 164 sold in the last 90 days, same type & city.
Location
196 E Second Avenue E, North Bay, ON P1B 1L2, Central, North Bay
Approximate location shown. Exact address provided upon confirmed showing.
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