North Bay, ON P1B 3P2,114 Sixth Avenue W
North Bay, ON P1B 3P2,114 Sixth Avenue W
North Bay, ON P1B 3P2,114 Sixth Avenue W
$410,000
Est. payment /mo
$449,900
8.9%
Est.Price: ?

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4 Beds
2 Baths
1,440 SqFt
SOLD DATE : 04/24/2024

Key Details

Sold Price $410,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $284

MLS Listing ID 40567020

Style Two Story

Bedrooms 4

Full Baths 2

Annual Tax Amount $2,446

Property Description

Investment opportunity for those looking for option of live in one - rent other to help offset your expenses and grow your investment. This property features updated siding, shingles, windows, electrical, & plumbing, ensuring minimal maintenance and maximum appeal. Recent additions include main-level laundry facilities, new kitchens, and stylish vinyl plank flooring that is both durable and water-resistant. The timeless charm of 9-foot ceilings creates an atmosphere of spaciousness and comfort throughout. Each unit has its own private balcony and entrance, as well as separate metering, providing tenants with privacy and convenience. Situated in a central location with easy access to public transportation, grocery stores, parks, cafes, and community centers, this property offers tenants the quintessential urban lifestyle. A Legal Duplex that offers investors the chance to expand their turnkey portfolio or indulge in the dual benefits of living in one unit while leasing out the other. Annual Gross Revenue of $48,888 and an impressive annual cap rate of 6.81% inclusive of management, maintenance & vacancy rates, this income property promises substantial returns. Whether you're looking to expand your investment portfolio or enjoy the benefits of passive income, this Legal Duplex is your gateway to financial success and lifestyle enrichment.

Location

Province ON

County Nipissing

Area North Bay

Zoning R3

Rooms

Kitchen 2

Interior

Heating Forced Air, Natural Gas

Cooling None

Laundry In-Suite, Other

Exterior

Waterfront No

Roof Type Asphalt Shing

Building

Lot Description Urban, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Regional Mall, School Bus Route, Schools, Shopping Nearby

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding

New Construction No

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Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

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