$855,000
272 First Avenue W, North Bay, ON P1B 3C1
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196 E Second Avenue E — Fourplex
For SaleNorth Bay, ON P1B 1L2
8 Bed · 4 Bath · Fourplex
MLS #X13701478
$989,900
Listed Price
About This Property
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 Details
Bedrooms
8
Bathrooms
4
Square Feet
2000-2500 sqft
Property Type
Fourplex
Style2-Storey
Lot Size38 85 ft
Frontage38.0 ft
Depth85.0 ft
GarageNone
BasementApartment, Separate Entrance
HeatingRadiant
Parking Spaces4
Listed OnAug 20, 2026
MLS Size2000-2500
Property Tax$3,222/year
Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Bedroom(Second) | 0.1 x 0.1 | 0.3 x 0.3 | - |
| Bedroom 2(Second) | 0.1 x 0.1 | 0.3 x 0.3 | - |
| Bedroom(Main) | 0.1 x 0.1 | 0.3 x 0.3 | - |
| Bedroom 2(Main) | 0.1 x 0.1 | 0.3 x 0.3 | - |
| Bedroom 3(Main) | 0.1 x 0.1 | 0.3 x 0.3 | - |
| Bedroom(Basement) | 0.1 x 0.1 | 0.3 x 0.3 | - |
| Bedroom 2(Basement) | 0.1 x 0.1 | 0.3 x 0.3 | - |
| Bedroom 3(Basement) | 0.1 x 0.1 | 0.3 x 0.3 | - |
OQ
Your Agent
OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Home Features
Property TypeFourplex
Style2-Storey
Lot Size38 × 85 ft
Frontage38.0 ft
Depth85.0 ft
GarageNone
BasementApartment, Separate Entrance
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About 196 E Second Avenue E, North Bay, ON P1B 1L2
196 E Second Avenue E, North Bay, ON P1B 1L2 is a 8-bedroom, 4-bathroom 2-storey fourplex with approximately 2000-2500 square feet of living space, situated on a 38 85 foot lot. This property is currently for sale at $989,900. The home features a none garage and a apartment, separate entrance basement.
Central Neighbourhood
This home is located in Central, part of North Bay in the Nipissing area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in Central, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
196 E Second Avenue E, North Bay, ON P1B 1L2
196 E Second Avenue E, North Bay, ON P1B 1L2 for sale,8 bedroom fourplex Central,North Bay homes for sale,Nipissing real estate,2-Storey homes, fourplex for sale