538 Fraser Street, North Bay, ON P1B 3X2
$499,900
$499,900

538 Fraser Street

Central, North Bay, Nipissing $499,900

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5 Beds
4 Baths
3000-3500 sqft
Parking for 3
N Facing
Zoning: C2
MLS®#:
X11982122
Property Type:
Triplex
Property Style:
2-Storey
Area:
Nipissing
Community:
Central
Added:
February 21 2025
Lot Frontage:
42
Lot Depth:
91.53
Status:
Active
Outside:
Vinyl Siding,Brick
Year Built:
51-99
Basement:
Partial Basement,Full
Brokerage:
Royal LePage Northern Life Realty, Brokerage
Lot (Feet):

91

42

Intersection:
Fraser and Worthington West
Rooms:
18
Bedrooms:
5
Bathrooms:
4
Fireplace:
N
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Radiant
Heating Fuel:
Gas

Listing Description

This well-maintained triplex offers a fantastic investment opportunity or a chance to live in one unit while generating income from the others. Centrally located with easy access to shopping, bus routes, and other amenities, this property is a must-see! Apt. 1 is a 2 bedroom, 2 bath is vacant. Unit is ideal for new tenants or as a personal residence. Apt. 2 is a 1 bedroom plus den renting at 1429 per month and Apt. 3 is a 1 bedroom renting at 922 per month. All rents are inclusive. The tenants are amazing and the remaining tenants want to stay. The building has been well cared for and all units are spacious and updated. There is also tenant parking and laundry in each unit. CCTV cameras are in operation to help ensure the safety and security of all individuals and the premises. Gross income is $50,280 annually with expenses for previous year at $17,837.00. These numbers on based on unit 1's previous tenants that left at the end of January and rented for 1839.00 inclusive. Please note that this property is zoned C2, allowing for the potential to incorporate a commercial aspect into the building. This zoning provides flexibility for various business or commercial uses, in addition to its residential capabilities. Whether you're a seasoned investor or a first-time buyer, this triplex offers an excellent chance to secure steady rental income in a prime location.

3 Fridges, 3 Stoves, 3 Washers, 3 Dryers, CCTV camera set up on property.

Property Features

Library
Place Of Worship
Public Transit
School
Waterfront
School Bus Route

Sale/Lease History of 538 Fraser Street

View all past sales, leases, and listings of the property at 538 Fraser Street.

Neighbourhood

Schools, amenities, travel times, and market trends near 538 Fraser Street
Schools

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

Parks & Rec

3 volleyball courts, 2 playgrounds and 5 other facilities are within a 20 min walk of this home.

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Central home prices

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

Insights for 538 Fraser Street

View the highest and lowest priced active homes, recent sales on the same street and postal code as 538 Fraser Street, and upcoming open houses this weekend.

Active Comparisons

Triplex | 3-Storey 34 days ago
5   3   2500-3000 sqft   12 Photos
1 km away
Same Beds Same Price 1 less baths Bigger lot
Detached | 1 1/2 Storey 27 days ago
3   1    20 Photos
2 km away
2 Less beds $1,900 Lower-priced 3 less baths Bigger lot
Detached | 2-Storey 40 days ago
4   4    40 Photos
2 km away
1 Less beds $5,000 Lower-priced Same baths Bigger lot
Fourplex | 2-Storey 12 days ago
7   4    2 Photos
$469,900
 
Bsmt: Exposed Rock,Crawl Space.
2 km away
2 More beds $30,000 Lower-priced Same baths Bigger lot
Fourplex | 2-Storey 32 days ago
6   4   3000-3500 sqft   18 Photos
$549,900
 
Bsmt: Partial Basement,Unfinished.
1 km away
1 More beds $50,000 Higher-priced Same baths Bigger lot
Duplex | 2-Storey 80 days ago
5   2  
1 km away
Same Beds $65,000 Lower-priced 2 less baths Bigger lot
Duplex | Bungalow 74 days ago
4   2   2000-2500 sqft   1 Photos
$569,900
 
Bsmt: Apartment,Separate Entrance.
1 km away
1 Less beds $70,000 Higher-priced 2 less baths Bigger lot
Detached | Bungalow 25 days ago
4   2   700-1100 sqft   38 Photos
1 km away
1 Less beds $99,900 Lower-priced 2 less baths Smaller lot
COMPARE SIDE BY SIDE

Sold Comparisons

Detached | Bungalow Sold 3 mth. ago
3   3    40 Photos
$xxx,xxx
 
Bsmt: Finished. Sep Entrance
2 km away
2 Less beds $30,000 Lower-priced 1 less baths Bigger lot
Detached | 1 1/2 Storey Sold 1 mth. ago
4   3    16 Photos
$xxx,xxx
 
Bsmt: Finished. Sep Entrance
1 km away
1 Less beds $30,900 Lower-priced 1 less baths Bigger lot
Detached | Bungalow Sold 21 days ago
4   2  
1 km away
1 Less beds $55,000 Lower-priced 2 less baths Bigger lot
Detached | Bungalow Sold 19 days ago
3   1  
3 km away
2 Less beds $80,000 Lower-priced 3 less baths Bigger lot
Detached | Bungalow Sold 1 mth. ago
4   3   1100-1500 sqft   40 Photos
2 km away
1 Less beds $100,900 Lower-priced 1 less baths Bigger lot
Detached | 2-Storey Sold 2 mth. ago
3   2    40 Photos
1 km away
2 Less beds $114,900 Lower-priced 2 less baths Smaller lot
Detached | 1 1/2 Storey Sold 2 mth. ago
3   1   1100-1500 sqft   39 Photos
$xxx,xxx
 
Bsmt: Crawl Space. Unfinished
2 km away
2 Less beds $130,000 Lower-priced 3 less baths Bigger lot
Detached | 2-Storey Sold 1 mth. ago
3   2    40 Photos
$xxx,xxx
 
Bsmt: Part Bsmt. Part Fin
2 km away
2 Less beds $140,000 Lower-priced 2 less baths Smaller lot
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)