147 Second Ave E

North Bay | Central | P1B 1L3
  • 5
  • 3
  • 0

$329,000

Est. Mtg $1,115 /mo
  • Days on market

    46

  • Status

    New

Listing Broker REALTY EXECUTIVES Local Group Inc. Brokerage
Since listed: 0 views

Home details

MLS #:

X11977040

Property type:
Triplex
Style:
2 1/2 Storey
Taxes:
$4,243
Possession:
Flexible
Lot Front:
33.0   Feet
Lot Depth:
132.0   Feet
Basement:
Part Fin |
Driveway Pkg:
2
Heat:
Gas | Forced Air

Description


147 Second Ave E, , North Bay, Ontario is a Triplex property in North Bay and in the Central community in the P1B 1L3 postal code


If you've been searching for the perfect opportunity to enter the investment market, this property could be your ideal match. Priced competitively, this legal, non-conforming all-brick triplex offers a gross income of $41,086 and an impressive 8% cap rate. The property is centrally located offering easy access to shopping, schools, and a full range of amenities. Its prime location along a public transit route makes it an excellent choice for tenants without vehicles. The main floor features a recently renovated, vacant 3-bedroom unit, ready for new tenants or an owner looking to live on-site while benefiting from rental income. The second-floor 2-bedroom unit and third-floor bachelor unit are both occupied by reliable long-term tenants. For added peace of mind, each unit is separately metered and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-06 2024-08 $399,000 $399,000 Ter X8470906
2024-09 2024-12 $349,000 $349,000 Ter X9354735
2025-02 2025-02 $329,000 $329,000 New X11977040

Comparables

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sold Date Address List Price sold Price DOM
2019-03 63 Drew St, $649,900 $610,000 179

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

North Bay :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 147 Second Ave E

Based on available 3rd party data

$1604

Approximate costs per month

Mortgage
$1115 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$353 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Library
  • Place Of Worship
  • Public Transit
  • Rec Centre
  • School
  • School Bus Route
Listing Broker REALTY EXECUTIVES Local Group Inc. Brokerage
Data Source: TRREB

Payment calculator

$1469 monthly. In association with: TD Bank
%
  • Principal and Interest
    1115 /mo
  • Property Taxes
    $353 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Marcus Le , Realtor

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