LOADING

4319 Hwy 11 N North Bay, Ontario P1B 8G3

5093
None Baseboard Heaters, Forced Air Acreage

$1,140,000

Turnkey cash flowing 13 Unit residential complex sitting on 1 acre consisting of a newly renovated 3-bedroom stand-alone house, and a 12 unit converted motel rezoned in 2022 with 11 bachelor units and 1x1 bedroom unit. Gross rents are $139339 with expense calculation including property management, vacancy and maintenance equaling $56745 giving a net income before mortgage of $82595. This complex has only 7 units close too or at market rent giving the new owner room to lift their investment when the remaining 5 tenants move out. Many supporting docs on including new shingles with ice guard to peak 2023, site plan control showing all buildings parking etc., water testing and well reports, zoning confirmations, fire retrofit 2014 and of course a detailed income and expenses report. 3 Bedroom house just received occupancy permits from city, previous fire remediation and recently renovated. Any touched renovations done to current code including electrical, gas furnace, framing, drywall etc. 4 older septics, drilled well with engineering reports under MOE guidelines. (id:35492)

Property Details

MLS® Number 40522481
Property Type Multi-family
Community Features School Bus
Features Visual Exposure, Crushed Stone Driveway, Laundry- Coin Operated
Parking Space Total 18

Building

Basement Type None
Cooling Type None
Exterior Finish Vinyl Siding
Foundation Type Block
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 1
Size Interior 5093
Utility Water Well

Land

Access Type Highway Access
Acreage Yes
Sewer Septic System
Size Depth 210 Ft
Size Frontage 210 Ft
Size Irregular 1.028
Size Total 1.028 Ac|1/2 - 1.99 Acres
Size Total Text 1.028 Ac|1/2 - 1.99 Acres
Zoning Description Rc Sp.22 With Spc

https://www.realtor.ca/real-estate/26364804/4319-hwy-11-n-north-bay

Interested?

Contact us for more information


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Mike Burman
Broker of Record

(705) 477-4442
www.mikeburmanhomes.ca/
www.facebook.com/MikeBurmanRealEstate/
www.linkedin.com/feed/?trk=

Realty Executives Local Group Inc. Brokerage
325 Main Street, West
North Bay, Ontario P1B 2T9

(705) 478-8588
www.realtyexecutivesnorthbay.com

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