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Home ON Greater North Bay Nipissing District North Bay
586 MAIN STREET E
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586 MAIN STREET E $499,900
$499,900
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586 MAIN STREET E
North Bay (Central), Ontario P1B1B8

MLS® Number: X12274089
5 + 1
Bedrooms
4
Bathrooms
3000 - 3500
Square Feet

Listing 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 3-6 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. (40856614)

Location Description

Cross Streets: JOHN/MAIN. ** Directions: HWY 11 TO FISHER ST. LEFT ON MAIN.

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2.5
Square Footage
3000 - 3500 sqft
Community Name
Central
Land Size
29.9 x 99.8 FT|under 1/2 acre
Age Of Building
51 to 99 years
Annual Property Taxes
$3,539.37
Parking Type
No Garage
Time on REALTOR.ca
159 days

Building

Bedrooms
Above Grade
5
Below Grade
1
Bathrooms
Total
4
Interior Features
Appliances Included
Water Heater, Stove, Refrigerator
Basement Features
Apartment in basement
Building Features
Foundation Type
Stone
Heating & Cooling
Cooling
None
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
2

Measurements

Square Footage
3000 - 3500 sqft

Land

Lot Features
Frontage
29 ft ,10 in
Land Depth
99 ft ,9 in
Other Property Information
Zoning Description
C2
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