$550,000

For sale

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340 Mcintyre Street West, North Bay (Central) - Multi-family for Sale

340 Mcintyre Street West, North Bay (Central), Ontario, P1B2Z1

8 beds5 baths5 parking ft²

517 Fisher Street South, North Bay (Central), Ontario, P1B2E4

7 bd3 ba2 pk350 ft²Lot size 43 × 66 ft (2,838 sq ft)

Listed by Revel Realty Inc. Brokerage

608-618 Lorne Avenue, North Bay (Central), Ontario, P1B6X2

For sale

14 days ago

$2.95M

608-618 Lorne Avenue, North Bay (Central), Ontario, P1B6X2

22 bd11 ba15 pk5,000 ft²Lot size 125 × 96 ft (12,000 sq ft)

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

860 Worthington Street East, North Bay (Central), Ontario, P1B1J4

For sale

14 days ago

$950K

860 Worthington Street East, North Bay (Central), Ontario, P1B1J4

8 bd4 ba8 pk4,250 ft²Lot size 60 × 132 ft (7,920 sq ft)

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

695 High Street, North Bay (Central), Ontario, P1B6R9

For sale

14 days ago

$340K

695 High Street, North Bay (Central), Ontario, P1B6R9

3 bd2 ba3 pk1,300 ft²Lot size 63 × 48 ft (2,969 sq ft)

Listed by Century 21 Blue Sky Region Realty Inc., Brokerage

Investment analysis

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$550,000

North Bay

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33 × 132 ft (4,356 sq ft) lot size

Overview

This multi-family property in North Bay is for sale offering roughly 3,250 sq ft of space.

Multi-Family Properties for Sale in North Bay →All real estate in North Bay →

Description

Looking for an investment opportunity? This 5 unit building may be for you. Well maintained, gross income of just over $72,000 with approximately $32,000 of expenses, lends for a solid cap rate. Property consists of 3x2 bedroom units, 2x1 bedroom units, and parking for 5 at the rear of the property though a mutual driveway. (id:66096)

Property Details

MLS®: X13118654
Property Type: Multi-family
Bedrooms: 8
Beds (above / below): 8 above · 0 below
Bathrooms: 5
Parking: 5
Interior Size: 3,250 ft²
Lot Size: 33 × 132 ft (4,356 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Natural gas
Cooling: None
Garage: No Garage
Property Tax: $4,363/yr
Listed: 176 days ago

Features

Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

176d

North Bay (Central) listings, avg age

47d

Price / ft²

$169

List price

$550K

Homes here sell faster than most markets

Sold homes in this market spent an average of 27 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 8-bed multi-family in North Bay (Central) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by REALTY EXECUTIVES Local Group Inc. Brokerage · AIMEE CAZABON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1B)

This home lists at $550,000, about 8.3× the local median household income of $66,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.

Median household income: $66,000
Population: 33,113
Median age: 44.4
Owner / renter: 57% / 43%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P1B)

$550,000· $169/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$364/mo

Total monthly$3,247

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice