538 Fraser ST Pending Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1B 3X2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $127
Subdivision Central
MLS Listing ID X11982107
Building Age 51-99
Annual Tax Amount $3,940
Tax Year 2024
Property Sub-Type Investment
Property Description
This well-maintained triplex offers a fantastic investment opportunity or a chance to live in one unit while generating income from the others. Centrally located with easy access to shopping, bus routes, and other amenities, this property is a must-see! Apt. 1 is a 2 bedroom, 2 bath is vacant. Unit is ideal for new tenants or as a personal residence. Apt. 2 is a 1 bedroom plus den renting at 1429 per month and Apt. 3 is a 1 bedroom renting at 922 per month. All rents are inclusive. The tenants are amazing and the remaining tenants want to stay. The building has been well cared for and all units are spacious and updated. There is also tenant parking and laundry in each unit. CCTV cameras are in operation to help ensure the safety and security of all individuals and the premises. Gross income is $50,280 annually with expenses for previous year at $17,837.00. These numbers on based on unit 1's previous tenants that left at the end of January and rented for 1839.00 inclusive. Please note that this property is zoned C2, allowing for the potential to incorporate a commercial aspect into the building. This zoning provides flexibility for various business or commercial uses, in addition to its residential capabilities. Whether you're a seasoned investor or a first-time buyer, this triplex offers an excellent chance to secure steady rental income in a prime location.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning C2
Interior
Cooling No
Inclusions 3 Fridges, 3 Stoves, 3 Washers, 3 Dryers, CCTV camera set up on property.
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 42.0
Lot Depth 91.53