North Bay, ON P1B 1K5,523 First AVE
North Bay, ON P1B 1K5,523 First AVE
North Bay, ON P1B 1K5,523 First AVE
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$979,000
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9 BD
9 BA
Active

523 First AVE North Bay, ON P1B 1K5

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UPDATED:

12/09/2024 02:43 PM

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID X11822405

Style 3-Storey

Bedrooms 9

Annual Tax Amount $13,632

Tax Year 2024

Property Description

Attention investors!!! This bright and clean 9 bachelor unit property has a gross income of $105,984 with the potential increase to $128,000 without any renovations. The convenient location to downtown, and transportation access to the hospital and University, make this a desirable spot for students or single-working professionals. With a 0% vacancy rate, this gem is easy to rent with the bonus of low maintenance and easy management. The year 2023 expenses: gas $4,434.19 - hydro $3063.24 - water/waste $1,953 - insurance $6,719. The property is well-maintained and has had many updates over the past 6 years. Responsible tenants. All paid rent on time, online.

Location

Province ON

County Nipissing

Area Nipissing

Rooms

Family Room No

Basement Finished, Separate Entrance

Kitchen 9

Interior

Interior Features Separate Heating Controls

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Garage Spaces 6.0

Pool None

Roof Type Asphalt Shingle

Lot Depth 128.0

Total Parking Spaces 6

Building

Foundation Poured Concrete, Stone, Concrete


Listed by ROYAL DYNASTY REAL ESTATE LTD.

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Clarke Shin

Agent

+1(416) 458-4843

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523 First AVE