For Sale

196 Second Avenue

$989,900

North Bay, Ontario P1B 1L2 · MLS® X13701478 · Updated 1h ago

196 E Second Avenue E, North Bay, ON P1B 1L2

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196 E Second Avenue E, North Bay, ON P1B 1L2 photo 2

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196 E Second Avenue E, North Bay, ON P1B 1L2 photo 4

196 E Second Avenue E, North Bay, ON P1B 1L2 photo 5

Bedrooms

Bathrooms

—

Sq Ft

Parking

About This Home

Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.

Property Information

Type

Residential Freehold

Style

Fourplex

Architectural Style

2-Storey

Lot Size

38 × 85 ft

Direction Faces

South

Bedrooms

Kitchens

Parking

4 total · None

Cross Street

WYLD ST. AND SECOND AVE. E.

Postal Code

P1B 1L2

Occupancy

Vacant

Possession

Immediate

MLS#

X13701478

Listing Office

HOMELIFE ELITE SERVICES REALTY INC.

Building Details

Construction

Brick Front, Brick Veneer

Roof

Asphalt Shingle

Heating

Radiant · Gas

Cooling

None

Basement

Apartment, Separate Entrance

Fireplace

Laundry

Lower Level

Pool

None

Features & Amenities

Interior

ERV/HRVOn Demand Water Heater

Exterior

LightingPorchYear Round Living

View

Downtown

Financials & Fees

Annual Property Tax

$3,222.45 (2026)

Inclusions & Exclusions

Inclusions

4 FRIDGES, 4 COOKING STOVES

Exclusions

NONE

Location

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Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.

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