$499,900
3.12 BTC
Photos
586 Main Street, North Bay
$499,900
PRICE
5 + 1
BEDROOMS
4
BATHROOMS
X12274089
MLSID

586 Main Street, North Bay

Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 36 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location.
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Summary

Address
586 Main Street
Community
MLSID
X12274089
Property Type
Fourplex
Property Category
Bedrooms
5 + 1
Bathrooms
4
Kitchens
3 + 1
Zoning
C2
Taxes (Annual)
$3,539.37
Tax Year
2025
Published
July 9, 2025
Days on Market
32 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Refrigerators, stoves

Exclusions

Tenants personal items

Details

Bathroom 1
3-Piece Lower Level
Bathroom 2
4-Piece Main Level
Bathroom 3
4-Piece Second Level
Bathroom 4
4-Piece Third Level
Parking Spaces
2
Parking Total
2
Architectural Style
2 1/2 Storey
Roof
Shingles
Construction Materials
Brick
Lot Size
0 Acres
Lot Width
30 Feet
Lot Depth
100 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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