483 1st Avenue E North Bay, Ontario P1B 1K4
$425,000
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). (id:55499)
Property Details
| MLS® Number | X9284705 |
| Property Type | Single Family |
| Equipment Type | Water Heater |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 9 |
| Bedrooms Total | 9 |
| Amenities | Separate Electricity Meters |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Tandem |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 127 Ft ,8 In |
| Size Frontage | 34 Ft ,8 In |
| Size Irregular | 34.68 X 127.7 Ft |
| Size Total Text | 34.68 X 127.7 Ft|under 1/2 Acre |
| Zoning Description | Multiplex |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.66 m | 3.35 m | 3.66 m x 3.35 m |
| Second Level | Bedroom 2 | 3.66 m | 3.35 m | 3.66 m x 3.35 m |
| Basement | Bedroom | 2.74 m | 4.26 m | 2.74 m x 4.26 m |
| Basement | Family Room | 4.57 m | 4.26 m | 4.57 m x 4.26 m |
| Basement | Kitchen | 3.5 m | 3.96 m | 3.5 m x 3.96 m |
| Ground Level | Bedroom | 2.44 m | 3.35 m | 2.44 m x 3.35 m |
| Ground Level | Bedroom 2 | 2.74 m | 4.27 m | 2.74 m x 4.27 m |
| Ground Level | Bedroom 3 | 3.05 m | 2.29 m | 3.05 m x 2.29 m |
| Ground Level | Family Room | 4.57 m | 4.26 m | 4.57 m x 4.26 m |
| Ground Level | Kitchen | 3.96 m | 3.35 m | 3.96 m x 3.35 m |
| Ground Level | Bathroom | 3.05 m | 3.05 m | 3.05 m x 3.05 m |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27348219/483-1st-avenue-e-north-bay
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September 04 2024 04:59:56
Toronto Real Estate Board
Chase Realty Inc.