586 Main Street

North Bay, Central

Description

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 3-6 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.

This fourplex home located at 586 Main Street E, North Bay, ON P1B 1B8 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$500K. It has 6 beds, 4 bathrooms, and is 3000-3500 square feet. The property is N/A years old. 586 Main Street E, North Bay, ON P1B 1B8 is in North Bay neighborhood Central.