Listed for:Listed 10 days ago
$1,179,900

373 First Avenue E

North Bay (Central), ON P1B 1K2

Multiplex For Sale
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Sale & Price History for 373 First Avenue E, North Bay, Central

No listing history available

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About 373 First Avenue E, North Bay, Central

Summarized Description

  • Built in 2016, this legal triplex offers strong income potential.
  • Includes an in-law suite for additional rental income.
  • Centrally located in downtown North Bay.
  • Features three legal residential units with modern finishes.
  • All units have private laundry and 4-PC baths.
  • Currently generating rental income at or above market rates.
  • Low-maintenance property ideal for investors.
  • Pre-inspected for buyer peace of mind.

Built for income and positioned for long-term performance, this 2016-built legal triplex presents an excellent opportunity to add a strong multi-residential asset to your investment portfolio. Centrally located in the downtown core of North Bay, the property features three legal residential units plus an additional in-law suite in the lower level, creating four self-contained living spaces and a diversified rental income stream.The main floor is anchored by a spacious 3-bedroom unit featuring an attached garage, open-concept living space and modern finishes. The second level offers two thoughtfully designed 2-bedroom apartments, while the lower level provides a generous open-concept 2-bedroom in-law suite. Each unit is equipped with its own private laundry and 4-PC bath(s)-an attractive feature for tenants and an added advantage for an investor looking for a well-designed, low-maintenance rental property. With all four units currently generating strong rental income at or above market rents, this is an opportunity to acquire an established investment without the heavy lifting typically associated with repositioning an older multiplex. Whether you're expanding an established portfolio or looking for a substantial multi-unit investment, this property checks the boxes that matter to a Landlord. A compelling opportunity to acquire a quality income-producing asset in the heart of North Bay.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$10,851
Land Transfer Tax Fee
$20,073

Rental Items

Rental Equipment
None
Under Contract
None

Basement Type
Full

Interior Features

Interior Extras
Accessory Apartment, ERV/HRV, In-Law Suite, Separate Heating Controls, On Demand Water Heater
Security Features
Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Deck, Landscaped, Year Round Living
Pool
None
Property Features
Public Transit, Arts Centre, Library, Place Of Worship, Park, School Bus Route
Other Structures
Shed

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Stone
Roof
Asphalt Shingle
Foundation Details
Concrete Block
Special Designation
Unknown

Lot

Lot Front
66.00 ft
Lot Depth
132.00 ft
Lot Shape
Rectangular

Inclusions

Inclusions
4xFridge, 4xStove, 2xDishwasher, 4xWasher, 4xDryer, Shed, Water Heater Owned

Exclusions

Exclusions
Tenant belongings, Heater in the garage

Parking & Garages

Garage Type
Attached
Garage Spaces
1
Parking Spaces
6
Total Garage And Parking Spaces
7

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Available
Telephone
Available

Bedrooms
10
Washrooms
4
Kitchens
4
Family / bonus room
Yes

Room sizes

  • Bathroom—
    Main level, 5 Pc Bath, Tile Floor
  • Dining Room—
    Main level, Hardwood Floor, Open Concept
  • Kitchen—
    Basement level
  • Kitchen—
    Second level, Tile Floor, Open Concept
  • Kitchen—
    Second level, Tile Floor, Open Concept
  • Bedroom 2—
    Second level, Hardwood Floor
  • Room—
    Second level, Hardwood Floor
  • Laundry—
    Second level
  • Bedroom 3—
    Main level, Hardwood Floor
  • Family Room—
    Basement level, Open Concept
  • Primary Bedroom—
    Second level, Hardwood Floor
  • Kitchen—
    Main level, Tile Floor, W/O To Patio, Sliding Doors
  • Bathroom—
    Second level, Tile Floor
  • Dining Room—
    Second level, Hardwood Floor, Sliding Doors, W/O To Balcony
  • Living Room—
    Basement level, Open Concept
  • Living Room—
    Second level, Hardwood Floor, Open Concept
  • Bathroom—
    Second level, Tile Floor
  • Primary Bedroom—
    Second level, Hardwood Floor
  • Primary Bedroom—
    Main level
  • Living Room—
    Main level, Hardwood Floor, Open Concept
  • Dining Room—
    Basement level, Open Concept
  • Laundry—
    Main level, Tile Floor
  • Bedroom 2—
    Basement level
  • Living Room—
    Second level
  • Bathroom—
    Basement level, 4 Pc Bath, Combined w/Laundry
  • Primary Bedroom—
    Basement level
  • Bedroom 2—
    Main level, Hardwood Floor
  • Bathroom—
    Main level, 4 Pc Bath, Tile Floor
  • Utility Room—
    Basement level

Washrooms

  • 4-piece, Main
  • 4-piece, Main
  • 4-piece, Second
  • 4-piece, Second

Municipality
North Bay
Neighbourhood
Central
Main cross streets
FIsher St and First Ave E
Zoning
R6
Directions
Fisher St. to First Ave E

MLS® number
X13860652
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-05
Updated on
2026-10-13
Days on market
10 days
Possession type
Flexible
Co-op commission
2
Seller
Listed by
Revel Realty Inc. Brokerage

Home Market Value

Current home valuation for 373 First Avenue E, North Bay, Central, North Bay, ON. Listed for $1,179,900

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 373 First 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

$
North Bay, ON
Minimum Down Payment Required:7.9%

5% on first $500K + 10% on $679,900 over $500K

Minimum down payment

$92,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$43,468$32,919$28,082$0
=Total mortgage
$1,130,156$1,094,829$1,030,997$943,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$5,518monthly$5,346monthly$5,034monthly$4,609monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$20,073

Total Land Transfer Tax

$20,073

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