586 MAIN STREET E North Bay

586 MAIN STREET E, North Bay, Ontario

$499,900

  • 6 Beds
  • 4 Baths

Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 36 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location. (id:56241)

  • Listing ID: X12274089
  • Property Type: Multi-family

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Details

  • Parking Spaces: 2
  • Transaction: For sale
  • Zoning Description: C2

Building

  • Appliances: Water Heater, Stove, Refrigerator
  • BasementType: N/A
  • Basement Features: Apartment in basement
  • Bedrooms Main Level: 5
  • Bedrooms Lower Level: 1
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Stone
  • Bathrooms (Total): 4
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 3000 - 3500 sqft
  • Stories Total: 2.5
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 29 ft ,10 in
  • Size Irregular: 29.9 x 99.8 FT
MLS®

Listing provided by Coldwell Banker-Peter Minogue R.E., Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 586 MAIN STREET E in North Bay Ontario. It was last modified on July 9th, 2025. Contact us to schedule a viewing or to discover other North Bay real estate for sale.

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