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$ 249,900
Est. payment /mo
New
196 Second AVE E North Bay, ON P1B 1L2
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Central
MLS Listing ID X12232857
Style 2-Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $4,128
Tax Year 2025
Property Sub-Type Triplex
Property Description
Attention Investors & Contractors Downtown Triplex Opportunity, this brick triplex offers a rare chance to rebuild and maximize income potential. Recently impacted by fire, the interior has been professionally cleaned and fully gutted to the studs and ready for reconstruction. Architectural drawings for a modern 3-unit rental conversion (3 bedroom unit 2 bedroom unit, 1 bedroom unit plus possibly a bachelor office unit) are included. Once rebuilt, market rent projections indicate potential annual income exceeding $72,000. Prime downtown location close to amenities, transit, and services. Property is currently vacant and easy to show. Don't miss this exceptional opportunity to add a high-yield investment to your portfolio. Property is sold "AS IS" where IS
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Rooms
Family Room No
Basement Development Potential
Kitchen 3
Interior
Interior Features Rough-In Bath
Cooling None
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Available
Pool None
View Clear
Roof Type Asphalt Shingle
Topography Level
Lot Frontage 38.0
Lot Depth 85.66
Total Parking Spaces 3
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by Century 21 Blue Sky Region Realty Inc., Brokerage