Property Details

1229 REGINA STREET, North Bay, Ontario, P1B2L1

1229 REGINA STREET, North Bay, Ontario, P1B2L1 (ID 273778)
Representative
Darrel Falconi portrait
Darrel Falconi
Sales Representative
REALTY EXECUTIVES Local Group Inc. Brokerage
Cell: 705-499-8383

$276,999 - For sale

ID#:273778

Legal Non Conforming Triplex showing good returns. Fire retrofit completed in 2018, lots of parking and many upgrades over the years. Property consists of 1x2 bedroom unit, and 2x1 bedroom units, 2 units rent plus hydro. Greater income potential when rear and main unit tenants vacate as rents can be increased pushing the evaluation close to a 10% cap rate. Current rents: Main unit with laundry and basement $785/m plus hydro, upper unit $800/m all inclusive, rear unit $800/m with laundry plus hydro. Expenses total $6898/yr, Gross Income $28,620, Current Net income $ 21,722. Small second VTB available to qualified purchasers. (id:2471)

Location Description1229 Regina St

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Property Details
  • Property Address:1229 REGINA STREET, North Bay, Ontario, P1B2L1
  • Property Type:Multi-family
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
Structure Details for 1229 REGINA STREET, North Bay, Ontario, P1B2L1
  • Structure Style:Multi-Family
  • Heating Type:Natural gas, Forced air
  • Architecture Style:Multi-Unit
  • Storeys:2
  • Basement Type:Partial (Partially finished)
  • Foundation Type:Block
  • Cooling Type:None
  • Appliances Included:Washer, Dryer
  • Rental Equipment:Water Heater
  • Exterior Type:Vinyl siding
Representative
Darrel Falconi portrait
Darrel Falconi
Sales Representative
REALTY EXECUTIVES Local Group Inc. Brokerage
Cell: 705-499-8383
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Listing Office: REALTY EXECUTIVES Local Group Inc. Brokerage

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1229 REGINA STREET, North Bay, Ontario, P1B2L1

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