196 Second Avenue E
North Bay (Central), ON P1B 1L2
- 8Bedrooms
- 4Bathrooms
- 4Parking
- 2000–2500Sq Ft
- $3,222Tax
- 38×85 ftLot Size
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About 196 Second Avenue E, North Bay, Central
Summarized Description
- Turnkey legal 4 plex ready for investors
- Fully renovated with brand new interiors
- Excellent projected cash flow and cap rate
- Includes 4 parking spots and tool shed
- Five hydro meters for tenant convenience
- Occupancy permit issued August 2026
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,222
- Land Transfer Tax Fee
- $16,273
Rental Items
- Rental Equipment
- BOILER
- Under Contract
- Tankless Water Heater
- Basement Type
- Apartment, Separate Entrance
Interior Features
- Laundry Level
- Lower Level
- Interior Extras
- ERV/HRV, On Demand Water Heater
- View
- Downtown
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Exterior Extras
- Lighting, Porch, Year Round Living
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick Front, Brick Veneer
- Roof
- Asphalt Shingle
- Foundation Details
- Block, Concrete, Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 38.00 ft
- Lot Depth
- 85.00 ft
- Lot Size
- 3067.71
Inclusions
- Inclusions
- 4 FRIDGES, 4 COOKING STOVES
Exclusions
- Exclusions
- NONE
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Radiant
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Cable
- Yes
- Telephone
- Yes
- Bedrooms
- 8
- Washrooms
- 4
- Kitchens
- 4
- Family / bonus room
- Yes
Room sizes
- Bedroom 3—Main level
- Bedroom 2—Main level
- Bedroom—Basement level
- Bedroom—Second level
- Bedroom 3—Basement level
- Bedroom—Main level
- Bedroom 2—Basement level
- Bedroom 2—Second level
Washrooms
- 4-piece, Basement
- 4-piece, Main
- 3-piece, Main
- 4-piece, Second
- Municipality
- North Bay
- Neighbourhood
- Central
- Main cross streets
- Toronto Homes Selling Below Asking Is Normal
- Directions
- Toronto Homes Selling Below Asking Is Normal
- MLS® number
- X13701478
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-10-03
- Listed on
- 2026-08-21
- Days on market
- 43 days
- Possession type
- Immediate
- Co-op commission
- 2%+HST
- Seller
- Listed by
- HOMELIFE ELITE SERVICES REALTY INC.
Home Market Value
Current home valuation for 196 Second Avenue E, North Bay, Central, North Bay, ON. Listed for $989,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 196 Second Avenue E, North Bay, Central
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $489,900 over $500K
$73,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $36,626 | $27,618 | $23,560 | $0 |
=Total mortgage | $952,283 | $918,528 | $864,975 | $791,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,650monthly | $4,485monthly | $4,223monthly | $3,867monthly |
Land Transfer Tax
$16,273
$16,273
Around this home
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