$989,900
10.63 BTC
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196 Second Avenue, North Bay
$989,900
PRICE
8
BEDROOMS
4
BATHROOMS
X13701478
MLSID

196 Second Avenue, North Bay

Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.
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Sold History

SOLD
24 June 2025
$313,000

Summary

Address
196 Second Avenue
Community
MLSID
X13701478
Property Type
Fourplex
Property Category
Bedrooms
8
Bathrooms
4
Kitchens
4
Taxes (Annual)
$3,222.45
Tax Year
2026
Published
August 21, 2026
Days on Market
9 Days
Possession Type
Immediate
Possession Details
Immediate
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Inclusions

4 FRIDGES, 4 COOKING STOVES

Exclusions

NONE

Details

Bathroom 1
4-Piece Basement Level
Bathroom 2
4-Piece Main Level
Bathroom 3
3-Piece Main Level
Bathroom 4
4-Piece Second Level
Basement
Apartment, Separate Entrance
Exterior Features
Lighting, Porch, Year Round Living
Interior Features
ERV/HRV, On Demand Water Heater
Parking Spaces
4
Parking Total
4
Parking Features
Available, Front Yard Parking
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick Front, Brick Veneer
Lot Size
3,068 SquareFeet
Lot Width
38 Feet
Lot Depth
85 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Vacant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with HOMELIFE ELITE SERVICES REALTY INC.
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