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114 SIXTH Avenue W
North Bay Ontario P1B3P2 Canada

$449,900real estate property listed by Realty Executives real estate property listing

Active Listing ID 40549099
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4 bed
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1,637
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2.00 Bath
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Multi-family

$449,900real estate property listed by Realty Executives real estate property listing

Active Listing ID 40549099
Save

114 SIXTH Avenue W Investment opportunity: a Legal Duplex that offers investors the chance to expand their turnkey portfolio or indulge in the dual benefits of living in one unit while leasing out the other. Annual Gross Revenue of $48, 888 and an impressive annual cap rate of 6.81% inclusive of management, maintenance & vacancy rates, this income property promises substantial returns. This property features updated siding, shingles, windows, electrical, & plumbing, ensuring minimal maintenance and maximum appeal. Recent additions include main-level laundry facilities, new kitchens, and stylish vinyl plank flooring that is both durable and water-resistant. The timeless charm of 9-foot ceilings creates an atmosphere of spaciousness and comfort throughout. Each unit has its own private balcony and entrance, as well as separate metering, providing tenants with privacy and convenience. Situated in a central location with easy access to public transportation, grocery stores, parks, cafes, and community centers, this property offers tenants the quintessential urban lifestyle. Whether you're looking to expand your investment portfolio or enjoy the benefits of passive income, this Legal Duplex is your gateway to financial success and lifestyle enrichment. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Exterior Finish: Aluminum siding
  • Heating Systems: Forced air, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 4/15/2024 8:35:29 PM GMT
Source Updated Date: 4/24/2024 5:30:12 AM GMT

Courtesy of: MIKEBURMAN, Salesperson, REALTY EXECUTIVES Local Group Inc. Brokerage

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