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523 First AVE E North Bay, ON P1B 1K5
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Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Central
MLS Listing ID X12362377
Sold Date 09/25/25
Style 3-Storey
Bedrooms 9
Annual Tax Amount $13,674
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Attention investors! This well-maintained 9-bachelor unit property has income of $112,752, with the potential to increase without any renovations. The convenient location to downtown and transportation access to the hospital and university make this a desirable spot for students and single working professionals. With 0% vacancy rate, this gem is easy to rent with the bonus of low maintenance and easy management. The year 2024 gas $4434, hydro $3063, water/waste $1953, insurance $6719. This property is well-maintained and has numerous upgrades in the last 7 years. Responsible tenants. All pay rent on time, online. Fire inspection done in July 2025; all deficiencies were addressed.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Rooms
Family Room No
Basement Separate Entrance, Apartment
Kitchen 9
Interior
Interior Features Separate Heating Controls, Suspended Ceilings, Upgraded Insulation
Cooling None
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 44.0
Lot Depth 128.0
Total Parking Spaces 6
Building
Foundation Poured Concrete, Concrete Block, Stone
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector
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