$539,900
3.30 BTC
Photos
230-232 Fifth Avenue, North Bay
$539,900
PRICE
6
BEDROOMS
4
BATHROOMS
X12192182
MLSID

230-232 Fifth Avenue, North Bay

Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost$43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.
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Summary

Address
230-232 Fifth Avenue
Community
MLSID
X12192182
Property Type
Fourplex
Property Category
Bedrooms
6
Bathrooms
4
Kitchens
4
Zoning
R3
Taxes (Annual)
$5,400.00
Tax Year
2024
Published
June 3, 2025
Days on Market
70 Days
Possession Type
Other
Possession Details
Tbd
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Inclusions

3 FRIDGES, 3 STOVES, 2 WASHER, 2 DRYER

Exclusions

TENANT BELONGINGS

Details

Property Features
Fenced Yard, Public Transit, School, School Bus Route
Bathroom 1
3-Piece Main Level
Bathroom 2
3-Piece Second Level
Parking Spaces
2
Parking Total
2
Parking Features
Private Double
Architectural Style
2-Storey
Roof
Metal, Shingles
Construction Materials
Brick, Vinyl Siding
Lot Width
40 Feet
Lot Depth
117 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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