$3,495,000
37.52 BTC
Photos
14 Milford Crescent, North Bay
$3,495,000
PRICE
23
BEDROOMS
12
BATHROOMS
X14101536
MLSID

14 Milford Crescent, North Bay

Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in.
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Summary

Address
14 Milford Crescent
Community
MLSID
X14101536
Property Type
Multiplex
Property Category
Bedrooms
23
Bathrooms
12
Kitchens
12
Zoning
RM3
Taxes (Annual)
$28,800.00
Tax Year
2026
Published
October 21, 2026
Days on Market
23 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

12 Fridges, 12 stoves

Details

Property Features
Beach, Public Transit, Rec./Commun.Centre, School Bus Route, School, Park
Basement
None
Exterior Features
Controlled Entry, Year Round Living
Interior Features
Water Heater
Parking Spaces
13
Parking Total
13
Parking Features
Private
Architectural Style
3-Storey
Roof
Flat, Tar And Gravel
Construction Materials
Brick, Metal/Steel Siding
Lot Width
123 Feet
Lot Depth
125 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with REALTY EXECUTIVES Local Group Inc. Brokerage
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