272 First Avenue W North Bay, Ontario P1B 3C1
6 Bedroom
4 Bathroom
2,500 - 3,000 sqft
Wall Unit
$875,000
Legal Fourplex! If turnkey is what you are looking for then this investment property is for you. This building went through a full office building conversion to 4 residential units completed August 2023. The renovation list is long including all new wiring and 5 panels, flooring, kitchens, led lighting, bathrooms, plumbing, hot water heat, boiler (2026), attic insulation R60 with removal of vermiculite, trim, casings, doors, coin laundry and more. All building permits are closed, esa letters on all 5 panels, income and expenses as well as renovation and floor plans available. Previous owner added rear addition which is now part of unit 4 with in floor heat and 22 ft ceilings as well as shingles in 2018. Unit 1 is a four level 2 bedroom unit with access to a small fenced in backyard shared with unit 4. Unit 2 is a 2 level unit with 1 bedroom and AC at the front of the building, Unit 3 is a 1 bedroom unit off the common hallway. Unit 4 also has access to the small rear fenced in area, is a 2 level unit and the 2 bedrooms have 22 ft ceilings making this a very unique unit. Gross income $84,720 with Expenses including heat, house meter, insurance, water/sewer, maintenance, management and vacancy $27,861, leaving a Net income of $56,859 before mortgage. Ask your Realtor for supporting documentation. All photos are pre tenant move ins. Bonus: No Rent control on any of the units and all rents are plus hydro. (id:15069)
Property Details
| MLS® Number | X13046998 |
| Property Type | Multi-family |
| Community Name | Central |
| Amenities Near By | Hospital, Public Transit, Golf Nearby |
| Community Features | School Bus, Community Centre |
| Equipment Type | None |
| Parking Space Total | 2 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Meter, Water Heater, Dishwasher, Stove, Refrigerator |
| Basement Type | Partial, Crawl Space |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Concrete |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Golf Nearby |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 36 Ft |
| Size Irregular | 36 X 132 Ft |
| Size Total Text | 36 X 132 Ft |
| Zoning Description | C2 |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29659938/272-first-avenue-w-north-bay-central-central
Contact Us
Contact us for more information
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 27 2026 02:48:33
North Bay and Area REALTORS® Association
Realty Executives Local Group Inc. Brokerage