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$ 499,900
Est. payment /mo
New
538 FRASER STREET North Bay (central), ON P1B3X2
3,920 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $127
Subdivision Central
MLS® Listing ID X11982107
Originating Board North Bay and Area REALTORS® Association
Property 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. (id:24570)
Location
Province ON
Interior
Heating Hot water radiator heat
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Royal LePage Northern Life Realty, Brokerage
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