332 Second AVE E Active Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1B 1L6
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Central
MLS Listing ID X11986882
Style 3-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $4,200
Tax Year 2024
Property Sub-Type Triplex
Property Description
332 Second Avenue E is a well-maintained triplex that has seen several updates over the years. Whether you're looking to live in one unit and collect rent from the others or just looking for a great investment opportunity, then look no further. This property is centrally located close to all amenities, including shopping, transit, and more. Unit 1 on the main floor has been renovated from the studs and is a large 1-bedroom, 1-bathroom unit with it's own laundry room and is currently renting for $1435 per month inclusive. Unit 2 on the second floor has 2 bedrooms and 1 bathroom with laundry and is currently collecting $1155.69 per month, inclusive. Unit 3 on the top floor has seen many updates and upgrades, boasting a 2 bedroom and 1 bathroom that currently generates $1425 a month, inclusive. This building has been well maintained over the years, with the foundation being reinforced, updated electrical, fire retrofit, and the updated roof in 2020. Gross income is $48,188.28 annually, with lots of opportunity to increase equity and with the separate hydro meters for each unit to minimize your expenses, you don't want to miss out on this opportunity.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Rooms
Family Room Yes
Basement Crawl Space
Kitchen 3
Interior
Interior Features Separate Hydro Meter,Water Heater Owned
Cooling None
Inclusions Fridge x2, Stove x2, washer and dryer.
Exterior
Exterior Feature Porch
Parking Features Available,Front Yard Parking
Pool None
View Downtown
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 132.0
Total Parking Spaces 3
Building
Foundation Stone
Others
Senior Community No