196 Second Avenue E North Bay, ON P1B 1L2
Listing Courtesy of: PropTX - IDX / Listed By: Homelife Elite Services Realty Inc.

  196 Second Avenue E North Bay, ON P1B 1L2

Active
$714,365 (USD)
8
BED
4
BATH
2000-2500
SQFT
See Similar Listings

Description

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.

MLS®:
X13701478
Taxes
$3,222(2026)
Lot Size
3,068 SQFT
Type
Multifamily
Style
2-Storey
Views
Downtown
County
Nipissing District
Community
Central

Listed By

Homelife Elite Services Realty Inc.
Source
PropTX - IDX
Last checked Aug 28 2026 at 2:05 PM EDT
Bathroom Details
Interior Features
  • On Demand Water Heater
  • Erv/Hrv
Property Features
  • Foundation: Concrete
  • Foundation: Block
  • Foundation: Concrete Block
Heating and Cooling
  • Radiant
  • None
Basement Information
  • Apartment
  • Separate Entrance
Pool Information
  • None
Exterior Features
  • Brick Front
  • Brick Veneer
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • None
Parking
  • Available
  • Front Yard Parking
Stories
  • 2
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Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/28/26 07:05

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