1189 Cassells Street, North Bay, ON, P1B 4B4
Great Investment Opportunity!! This well looked after Five-Plex is located in central North Bay. This is a solid building with solid financials and a great return! There are 2 - 3 bdrm units, 2 - 2 bdrm units, and 1 - 1 bdrm unit. Unit #1 & #3 & #5 currently pay rent + hydro. There are 6 separate meters for full conversion to rent + hydro if desired. Coin operated laundry adds an Additional $1,800 per month to the revenue. Cap Rate of 7.1 % total. Shingles replace in 2021, Flat roof 2023 and 14 windows replace in 2023. This property is ready for the right investor!!!
- Property Address: 1189 Cassells Street, North Bay, ON, P1B 4B4
- Property Type: Residential Income
- Zoning Description: C2
- Sewage Type: Sewer (Municipal)
- Water Type: Municipal
- Driveway: Outside/Surface/Open, Outside/Surface/Open
- Total Parking Spaces: 3
- Waterfront Type: false
- Maintenance Fee: 0.00
- Storeys: 2
- Bedrooms: 11
- Bathrooms: 5-Total
- Basement Type: Full, Partially Finished
- Cooling: None
- Exterior Type: Brick, Block
- Foundation Type: Block
- Structures: Multi-5 Unit
- Separate Hydro Meters
- Coin Operated
- Ample Parking
- City Lot
- Place of Worship
- Playground Nearby
- Public Transit
- School Bus Route
- Shopping Nearby
- Carbon Monoxide Detector
- Smoke Detector
- Carbon Monoxide Detector(s)
Listing Office: Royal LePage Northern Life Realty, Brokerage
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