INVESTOR ALERT - Exceptional 10.22% CAP Rate on a Prime Corner Lot! This massive 2,139 sq. ft. triplex offers a significant cash-flow opportunity in central North Bay. The property is uniquely configured with a rear 2-bedroom, 1-bathroom bungalow-style unit occupied by a stable, 7-year tenant, providing immediate guaranteed income. The front of the building consists of two spacious 2-storey units, each featuring 2 bedrooms and 1 bathroom. These front units are delivered vacant, offering a prime opportunity for an investor to refresh the spaces to their own standards and set current market rents to maximize ROI. Situated on a prominent corner lot at the end of a quiet street, the property features impressive vaulted ceilings that create a high-end feel. This powerhouse addition to any portfolio includes a detached garage and ample parking for 5 vehicles. Some Photos Virtually Staged. (id:4069)
Address
997 HAMMOND STREET
List Price
$369,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
North Bay (central)
Bedrooms
6
Bathrooms
3
Floor Area
2000 - 2500 Sq. Ft.
Lot Size
40 x 100 FT Sq. Ft.
MLS® Number
X12839348
Listing Brokerage
REALTY EXECUTIVES Local Group Inc. Brokerage
Basement Area
Crawl space
Postal Code
P1B2H6
Zoning
Residential 3rd Density - Triplex
Site Influences
Park, Public Transit
Features
Cul-de-sac, Flat site
