Second Ave
Central, North Bay
$329,000
Buy with Dwelly and Save $3,290
Home Details
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Listing Description
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.
3 fridges, 3 stoves, 1 coin operated washer, 1 coin op dryer ( all appliances in As In conditions)
City: North Bay
Neighborhood: Central
Property History
Rooms
Room dimensions for Second Ave, North Bay
Market Trends and Insights
Mortgage Calculator
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Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $329000 |
| Down Payment | $65800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $263200 |
Monthly Payment
| Mortgage Payment | $1622 |
| Property Taxes | $354 |
| Maintenance Fees | $0 |
| Monthly Payment | $1975 |
About Second Ave, North Bay
Located at 147 Second Ave E , this North Bay house is available for sale. This property was listed for $329,000 on Mon Apr 07 2025. This house's size is 2000-2500 Sqft. It has 5 bedrooms and 3 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 2 parking spots. 147 Second Ave E, North Bay is situated in the Central neighbourhood.
MLS#: X11977040 · $329,000 · 5 bedroom house in Central, North Bay