114 Sixth Avenue No longer available

North Bay, Central, P1B 3P2

$449,900

Description

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage.

Investment opportunity: a Legal Duplex that offers investors the chance to expand their turnkey portfolio or indulge in the dual benefits of living in one unit while leasing out the other. Annual Gross Revenue of $48,888 and an impressive annual cap rate of 6.81% inclusive of management, maintenance & vacancy rates, this income property promises substantial returns. This property features updated siding, shingles, windows, electrical, & plumbing, ensuring minimal maintenance and maximum appeal. Recent additions include main-level laundry facilities, new kitchens, and stylish vinyl plank flooring that is both durable and water-resistant. The timeless charm of 9-foot ceilings creates an atmosphere of spaciousness and comfort throughout. Each unit has its own private balcony and entrance, as well as separate metering, providing tenants with privacy and convenience. Situated in a central location with easy access to public transportation, grocery stores, parks, cafes, and community centers, this property offers tenants the quintessential urban lifestyle. Whether you're looking to expand your investment portfolio or enjoy the benefits of passive income, this Legal Duplex is your gateway to financial success and lifestyle enrichment.

Carbon Monoxide Detector,Smoke Detector,2 Fridges And 2 Stoves, 1 Washer 1 Dryer.

Location

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  • Address: 114 Sixth Avenue
  • Neighborhood: Central
  • City: North Bay
  • State: ON
  • Postal Code: P1B 3P2

Property Details

  • Property ID: 40549099
  • Property Price: $449,900
  • Style: Duplex Up/Down, Residential Income
  • Sq/Ft: 1637
  • Bath: 2
  • Parking Spaces: 2
  • Basement: Separate Entrance, Full, Unfinished
  • Exterior: Aluminum Siding
  • Heating: Forced Air, Natural Gas
  • Taxes: $2,446.55 (2024)
  • # of stories: 2

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Property History

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  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 370 - 0992

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