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4319 HIGHWAY 11 N, North Bay (College Heights)
2025-01-08
Quick Summary
- Location
- 4319 HIGHWAY 11 N, North Bay (College Heights), Ontario P1B8G3
- Price
- $1,140,000
- Status:
- For Sale
- Property Type:
- Business
- Area:
- 5093ft2
MLS®#X11912692
Property Description
Looking for a cash-flowing property that meets the 1% rule? Consider how the cash flow could improve as interest rates decline. This turnkey 13-unit residential complex sits on a 1 acre lot and includes a newly renovated 3-bedroom stand-alone home, along with a 12-unit main building rezoned in 2022. The main building features 11 bachelor units and one, 1-bedroom unit. Gross rents total $137,452, with expenses for property management, vacancy, and maintenance estimated at $53079, resulting in a net income before mortgage of $78,875. Currently, 7 of the units are at or near market rent, offering the new owner potential for increased returns as the remaining 5 tenants transition.\r\nSupporting documents include new shingles with ice guard (2023), a site plan control showing all buildings and parking, water testing and well reports, zoning confirmations, a 2014 fire retrofit, and a detailed income and expenses report. The 3-bedroom house has received occupancy permits following fire remediation and renovations, all completed to current code, including electrical, gas furnace, framing, and drywall. The property also includes 5 older septic systems and a drilled well with engineering reports meeting MOE guidelines. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital
Building
- Amenities: Separate Heating Controls
- Appliances: Dryer, Refrigerator, Stove, Washer
- Exterior Finish: Vinyl siding
- Fireplace: No
- Interior Size: 5093 sqft
Features
- Feature: Lighting, Laundry- Coin operated
Land
- Land Size: Unit=210 x 210 Acre|1/2 - 1.99 acres
- Sewer: Septic System
Zoning
- Description: RC Sp.22 with SPC
Information entered by REALTY EXECUTIVES Local Group Inc. Brokerage
Listing information last updated on: 2025-01-14 16:59:11
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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