483 1st Ave E

$425,000
$425,000

483 1st Ave E

North Bay, Nipissing $425,000 Make an offer
9 Beds
5 Baths
2000-2500 sqft
Parking for 4
W Facing
Zoning: Multiplex
MLS®#:
X9284705
Property Type:
Fourplex
Property Style:
2 1/2 Storey
Area:
Nipissing
Community:
Taxes:
$3,478.43 / 2023
Added:
August 29 2024
Lot Frontage:
34.68
Lot Depth:
127.70
Status:
Active
Outside:
Brick
Year Built:
100+
Basement:
Finished
Brokerage:
CHASE REALTY INC.
Lot (Feet):

127

34

Intersection:
Regina St
Rooms:
18
Bedrooms:
9
Bathrooms:
5
Fireplace:
N
Utilities
Water:
Municipal
Cooling:
Wall Unit
Heating Type:
Radiant
Heating Fuel:
Gas
Br 2.74 x 4.26m
Family 4.57 x 4.26m
Kitchen 3.5 x 3.96m
Furnace 2.4 x 3.35m
Br 2.44 x 3.35m
2nd Br 2.74 x 4.27m
3rd Br 3.05 x 2.29m
Family 4.57 x 4.26m
Kitchen 3.96 x 3.35m
Bathroom 3.05 x 3.05m
Br 3.66 x 3.35m
2nd Br 3.66 x 3.35m

This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo).

Sale/Lease History of 483 1st Ave E

View all past sales, leases, and listings of the property at 483 1st Ave E.

Neighbourhood

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home prices

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Insights for 483 1st Ave E

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
Nick Dorsey
Listo Expert