We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
586 MAIN STREET E, North Bay (Central)
2025-07-09
Quick Summary
- Location
- 586 MAIN STREET E, North Bay (Central), Ontario P1B1B8
- Price
- $499,900
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 3000 - 3500 sqft
- Bedrooms:
- 5 bed +1
- Bathrooms:
- 4
MLS®#X12274089
Property Description
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:32467)
Property Features
Building
- Appliances: Water Heater, Stove, Refrigerator
- Basement Features: Apartment in basement
- Basement Type: N/A
- Cooling Type: None
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 3000 - 3500 sqft
- Building Type: Fourplex
- Stories: 2.5
- Utility Water: Municipal water
Land
- Land Size: 29.9 x 99.8 FT|under 1/2 acre
- Sewer: Sanitary sewer
Zoning
- Description: C2
Information entered by Coldwell Banker-Peter Minogue R.E., Brokerage
Listing information last updated on: 2025-10-23 00:28:04
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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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