586 Main Street E North Bay, Ontario P1B 1B8
$499,900
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. (id:47351)
Property Details
| MLS® Number | X12274089 |
| Property Type | Multi-family |
| Community Name | Central |
| Parking Space Total | 2 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Stove, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 99 Ft ,9 In |
| Size Frontage | 29 Ft ,10 In |
| Size Irregular | 29.9 X 99.8 Ft |
| Size Total Text | 29.9 X 99.8 Ft|under 1/2 Acre |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/28582525/586-main-street-e-north-bay-central-central
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July 09 2025 08:07:24
North Bay and Area REALTORS® Association
Coldwell Banker-Peter Minogue R.e., Brokerage