ON > North Bay > Central
North Bay, ON P1B 1B8,586 Main ST E
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Kat Tannock

Kat Tannock

+1(249) 502-8832
$ 499,900
Est. payment | /mo

6 Beds

4 Baths

Save
$ 499,900
Est. payment | /mo
Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Central

MLS Listing ID X12274089

Style 2 1/2 Storey

Bedrooms 6

Building Age 51-99

Annual Tax Amount $3,539

Tax Year 2025

Property Sub-Type Fourplex

Property Description

Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 36 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location.

Location

Province ON

County Nipissing

Community Central

Area Nipissing

Zoning C2

Rooms

Family Room No

Basement Apartment

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Storage, Water Heater Owned

Cooling None

Inclusions Refrigerators, stoves

Exterior

Pool None

Roof Type Shingles

Lot Frontage 29.94

Lot Depth 99.8

Total Parking Spaces 2

Building

Foundation Stone

Others

Senior Community No

Listed by Coldwell Banker-Peter Minogue R.E., Brokerage
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(249) 502-8832

ktannock@gmail.com

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586 Main ST E

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