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$499,900

Jul 9Fourplex For Sale
bedrooms6bed
washrooms7bath
MLS - #X12274089

586 Main Street, North Bay, ON P1B 1B8

1
Similar Homes Found
$539,900
Average Price
-7.4%
Lower than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Property Description

Property type

Fourplex

Lot size

< .50 acres

Style

2 1/2 Storey

Approx. Area

N/A

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

Jul 9

Virtual tour

None

Basement information

Apartment

Building size

--

Status

In-Active

Property sub type

Fourplex

Maintenance fee

$N/A

Year built

2025

Listed by Coldwell Banker-Peter Minogue R.E., Brokerage

Additional Details

Basement:Apartment
Cooling:None
Heating:Forced Air
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 586 Main Street

Some information about this property - Main Street

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