NewFor Sale

196 Second Avenue E
North Bay, Nipissing, ON, P1B 1L2

Fourplex
TRREB
MLS® Number: X13701478

HOMELIFE ELITE SERVICES REALTY INC.

Listing brokerage
Estimated Value
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$989,900List Price
8Bedrooms
4Bathrooms
0Garages
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Property Location

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Listing History

Buy/sell history for 196 E Second Avenue E, North Bay, ON P1B 1L2

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Current valuation for 196 E Second Avenue E, North Bay, ON P1B 1L2. Listed for $989,900 on 2026-10-19

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Description

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.

Features

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Summary

Tax:$3,222.45 / 2026
Listing #:X13701478
Property Type:Fourplex, 2-Storey
Size:2000-2500 feet²
Land Size:38 x 85 | < .50 acres
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:HOMELIFE ELITE SERVICES REALTY INC.

Details

Property

Property Type:Fourplex
Style:2-Storey
Community:Central
Municipality:Nipissing

Building

Size:2000-2500 feet²
Construction:Brick Front, Brick Veneer

Inside

Bedrooms:8
Bedrooms Above Grade:8
Bathrooms:4
Bathrooms Detail:1, 4pc Basement floor
Bathrooms Detail:1, 4pc Main floor
Bathrooms Detail:1, 3pc Main floor
Bathrooms Detail:1, 4pc Second floor
Kitchens:4
Family Room:Yes
Appliances Included:ERV/HRV, On Demand Water Heater
Basement:Apartment, Separate Entrance

Parking

Driveway:Available, Front Yard Parking
Garage Type:None
Garage Spaces:0
Total Parking Spaces:4

Utilities

Cooling:None
Heating Type:Radiant
Heating Fuel:Gas
Utility Sewer:Sewer

Land

Cross Street:WYLD ST. AND SECOND AVE. E.

$989,900

List price

196 Second Avenue E, North Bay – 8 bed Fourplex for sale · MLS® # X13701478