$499,900
586 Main Street, North Bay, ON P1B 1B8
Property Description
Property type
Fourplex
Lot size
< .50
Style
2 1/2 Storey
Approx. Area
3000-3500 Sqft
About 586 Main Street
Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 36 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location.
Home Overview
Last updated
11 hours ago
Virtual tour
None
Basement information
Apartment
Building size
--
Status
In-Active
Property sub type
Fourplex
Maintenance fee
$N/A
Year built
2025
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Main Street

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