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106 FOURTH AVENUE W, North Bay (Central) — listed at $399,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
This Triplex Income Property is located close to shopping, the library, downtown, public transportation and the waterfront. Two units face Ferguson, a one bedroom rented for $966+hydro and a vacant two bedroom unit to pick your own tenant can be rented for $1300+hydro & gas. Facing Fourth Avenue is the 4 Bedroom unit rented for $1592. This is a fantastic investment property for the savvy investor with a net income of $46,300. It is also a perfect home for someone looking to live in the 2 Bedroom unit and renting the other 2 units as mortgage helpers. (id:60164)
Is this a good starter home?+
At $399,900, this is priced in starter-home territory for North Bay (Central). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Is 106 FOURTH AVENUE W a good fit for a growing family?+
With 7 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 4 spaces — No Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,729.35, heating is baseboard heaters, forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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