4319 Highway 11 N
$1,140,000
$1,140,000

4319 Highway 11 N

College Heights, North Bay, Nipissing $1,140,000

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4 Beds
13 Baths
Parking for 18
W Facing
Zoning: RC Sp.22 with SPC
MLS®#:
X11929536
Property Type:
Multiplex
Property Style:
Other
Area:
Nipissing
Community:
College Heights
Taxes:
$11,642 / 2024
Added:
January 17 2025
Lot Frontage:
210.00
Lot Depth:
210.00
Status:
Active
Outside:
Vinyl Siding
Year Built:
Basement:
None
Brokerage:
REALTY EXECUTIVES Local Group Inc. Brokerage
Lot (Feet):

210

210

BIG LOT

Intersection:
Hwy 11 North
Rooms:
31
Bedrooms:
4
Bathrooms:
13
Fireplace:
N
Utilities
Water:
Well
Cooling:
None
Heating Type:
Other
Heating Fuel:
Other

Listing Description

Looking for a cash-flowing property that meets the 1% rule? Consider how the cash flow could improve as interest rates decline. This turnkey 13-unit residential complex sits on a 1 acre lot and includes a newly renovated 3-bedroom stand-alone home, along with a 12-unit main building rezoned in 2022. The main building features 11 bachelor units and one, 1-bedroom unit. Gross rents total $137,452, with expenses for property management, vacancy, and maintenance estimated at $53079, resulting in a net income before mortgage of $78,875. Currently, 7 of the units are at or near market rent, offering the new owner potential for increased returns as the remaining 5 tenants transition. Supporting documents include new shingles with ice guard (2023), a site plan control showing all buildings and parking, water testing and well reports, zoning confirmations, a 2014 fire retrofit, and a detailed income and expenses report. The 3-bedroom house has received occupancy permits following fire remediation and renovations, all completed to current code, including electrical, gas furnace, framing, and drywall. The property also includes 5 older septic systems and a drilled well with engineering reports meeting MOE guidelines.

Property Features

Public Transit
School Bus Route

Sale/Lease History of 4319 Highway 11 N

View all past sales, leases, and listings of the property at 4319 Highway 11 N.

Neighbourhood

Schools, amenities, travel times, and market trends near 4319 Highway 11 N
Schools

5 public & 5 Catholic schools serve this home. Of these, 9 have catchments. There are 2 private schools nearby.

Parks & Rec

2 trails, 1 playground and 2 other facilities are within a 20 min walk of this home.

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College Heights home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in College Heights
100%

Insights for 4319 Highway 11 N

View the highest and lowest priced active homes, recent sales on the same street and postal code as 4319 Highway 11 N, and upcoming open houses this weekend.

Active Comparisons

Semi-Detached | 2-Storey 44 days ago
3   2    40 Photos
6 km away
1 Less beds $746,000 Lower-priced 11 less baths Smaller lot
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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)