586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

MLS® # X12274089

Investment For Sale In North Bay (Central), Ontario

$499,900

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586 Main Street E, North Bay (Central), ON - Outdoor

586 Main Street E, North Bay (Central), ON - Indoor Photo Showing Kitchen

586 Main Street E, North Bay (Central), ON - Indoor Photo Showing Other Room

586 Main Street E, North Bay (Central), ON - Indoor Photo Showing Bathroom

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586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

$499,900

Property Information:

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 3-6 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:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 3000 - 3500 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 5+1
Bathrooms: 4
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 99.8 Feet
Lot Frontage: 29.8 Feet
Lot Size: 29.9 x 99.8 FT
Zoning: C2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 2

Courtesy of: Coldwell Banker-Peter Minogue R.E., Brokerage

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Market Price Trends

All Properties

-0.03%

Price change (1 year)

48.72%

Price change (5 years)

Location of 586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

46/100

Moderate

ClimateCheck®

Current data

This property, 586 MAIN STREET E , experiences 7 hot days per year at around 29.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 32.9 degrees Celsius.

Projected Avg. Temperature

Past

29.4℃

2050

32.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

66/100

Moderate-High

ClimateCheck®

Current data

This property, 586 MAIN STREET E , experiences 11 significant 2-day storms per year, with about 323.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 409.7mm of precipitation per year.

Precipitation Per Storm

Past

323.3mm

2050

409.7mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$69,774.07

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.08 %

High school certificate or equivalent

34.46 %

Apprenticeship trade certificate/diploma

5.3 %

College/non-university certificate

30.59 %

University Degree

10.56 %

Commuter

Travel To Work

By Car

78.92 %

By Public Transit

4.11 %

By Walking

13.29 %

By Bicycle

0.0 %

By Other Methods

3.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

49.34 %

Houses

50.66 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

All Properties

Location of 586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

586 MAIN STREET E, North Bay (Central), Ontario, P1B 1B8

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing