North Bay, Ontario

This solid brick property offers a fantastic opportunity for savvy investors. Thoughtfully updated throughout, it features a modern kitchen and bathroom, fresh flooring, paint, and more.The main living area includes five spacious bedrooms, two full bathrooms, and convenient in-home laundry ideal for potential tenants.At the rear of the home, a separate entrance leads to a self-contained granny suite, complete with its own full kitchen, laundry, one bedroom, and a full bathroom. The cozy living area is enhanced by a charming gas fireplace, perfect for added comfort and appeal.If you're an investor seeking a strong addition to your portfolio, this versatile property is move-in ready, vacant, and has the potential to gross over $60,000.00 per year. (id:50886)

Royal LePage Northern Life Realty

North Bay, Ontario

Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio. (id:50886)

Royal LePage Northern Life Realty

Bonfield, Ontario

Welcome to an exceptional investment opportunity in the heart of Bonfield! This impressive income property boasts five individual units, offering a total of eleven spacious bedrooms, making it an ideal choice for savvy investors looking to capitalize on the thriving real estate market. Each unit is thoughtfully designed for both comfort and functionality, featuring well-appointed bedrooms that provide tenants with a cozy and private retreat. The property is meticulously maintained, ensuring a hassle-free ownership experience for landlords and a comfortable living environment for tenants. The exterior of the property is equally impressive, with a well-manicured landscape and ample parking space for residents. The strategic location of this income property ensures easy access to essential amenities, schools, and recreational facilities, making it an attractive option for potential tenants. Investors will appreciate the steady stream of rental income generated by this property, thanks to its multiple units and desirable location. With a strong rental history and positive cash flow potential, this income property presents a lucrative opportunity to diversify your investment portfolio and secure long-term financial success. Don't miss out on this chance to own a prime piece of real estate in Bonfield a property that combines comfort, convenience, and a promising return on investment. (id:50886)

RE/MAX Crown Realty (1989) Inc.

West Nipissing, Ontario

10% Cap Rate - Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. 5 vacant apartments, Projected Gross Revenue: $223,290, Expenses: $73,687 Net Operating Income: $149,602.70. (id:50886)

RE/MAX Crown Realty (1989) Inc

Mattawa, Ontario

Want a cash flowing property that meets the 1% rule with room to lift value further? This property currently offers 8 units and is zoned for 10 residential apartments. There is current space enough to build 2 more 1 bedroom apartments inside the existing unused space. Unit 4 is also under rented for additional lift. Most units have been upgraded to some degree and have great tenants in place. Weeping tile done on north and east side in 2023 resolving water penetration, original building has rock foundation and the addition built in approx 1987. Double garage with a large shed like structure attached to it at the rear of the property. Rents are all inclusive but each unit has its own hydro panel in the unit. 2 furnaces, 2 AC, 2 hot water on demand rental units, shingles in great shape but age unknown and right beside new OPP station. Beer store, downtown, food and LCBO within walking range and bonus Mattawa river within a couple blocks of the building also. Seller also willing to hold a second VTB mortgage to cover your down payment. (id:50886)

Realty Executives Local Group Inc. Brokerage

North Bay, Ontario

Fantastic Investment Opportunity - Triplex. Discover this triplex offering a solid opportunity to kickstart or expand your rental portfolio. With positive cash flow already in place and the ability to increase rents to market value as tenancies turn over, this property is a smart, income-generating asset. Each tenant pays their own rent and utilities (Separate meters), with the exception of water keeping operational costs manageable for the owner. A shared laundry room adds convenience for tenants, while the property's C2 zoning allows for a wide range of potential future uses, adding to its versatility and long-term value. Don't miss out on this flexible and financially sound investment! (id:50886)

Century 21 Blue Sky Region Realty Inc.

North Bay, Ontario

Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio. (id:50886)

Royal LePage Northern Life Realty

North Bay, Ontario

Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio. (id:50886)

Royal LePage Northern Life Realty

North Bay, Ontario

Attention investors! Legal 7 unit apartment building consisting of 3-2 bedroom 3-1 bedroom and 1 bachelor apartment, all rented out with market rents and tenants pay their own heat and hydro. This well maintained property currently generates $109,080 in gross income translating to $83,863 in net operating income. Offered for sale at an impressive 8.6% rate of return. There is a mandatory Assumable Mortgage at 5.1% with a 45 year Amortization with approx $840,000 balance which helps give you lower monthly payments and increased monthly cash flow. This property is centrally located, has had many upgrades and improvements and is ready for new management. This is a property any savvy investor would love to own. (id:50886)

Royal LePage Northern Life Realty

North Bay, Ontario

Legal Non-Conforming Duplex in an excellent location. Solid construction. Kitchen cabinets and flooring (2018) in the lower unit, lower unit bathroom renovated 2021 with a new tub with porcelain tub surround and flooring, 25 year shingles in 2016. New eaves troughs with leaf guards spring 2024.Laundry is in the lower unit #B. Long term tenants approx 10 years, and 34 years. Both would like to stay. 2 sheds on the property, the large shed is divided in two with 2 doors for the tenants, the 2nd for use by the landlord. Rents Apt A $1043.45 APT B $973 PLUS tenants pay hydro and hot water tank rentals. Tenants take care of the yard and snow removal. Last increase applied November 1, 2024 (id:50886)

Sutton-Choice Real Estate Inc.

North Bay, Ontario

Investment Opportunity - 6 units: 5 residential & 1 commercial. Annual Net Income $82,890.25. (2) 3 bedroom, (4) 2 bed, (1) 3 bed. 1150 Sqft commercial unit. This building has been thoroughly renovated over the past 7 years. All windows, kitchens, bathrooms and flooring, roof (membrane) 2016. heating (boiler) 2023, hot water tanks 2022. Income / Expense and Rent Roll available to qualified buyers. (id:50886)

RE/MAX Crown Realty (1989) Inc.
RE/MAX Crown Realty (1989) Inc

West Nipissing, Ontario

Well maintained Legal 4 Plex. Property consists of 4 x2 bedroom units. Tenants pay their own Hydro (each unit separately metered), each unit has it's own laundry and 2 parking spaces per unit. A great opportunity to expand your investment portfolio. (id:50886)

Realty Executives Local Group Inc. Brokerage