$449,900
Available - For Sale
Listing ID: X12069181
646 Main Stre East , North Bay, P1B 1B9, Nipissing


Fantastic Investment Opportunity - Triplex. Discover this triplex offering a solid opportunity to kickstart or expand your rental portfolio. With positive cash flow already in place and the ability to increase rents to market value as tenancies turn over, this property is a smart, income-generating asset. Each tenant pays their own rent and utilities (Separate meters), with the exception of water keeping operational costs manageable for the owner. A shared laundry room adds convenience for tenants, while the property's C2 zoning allows for a wide range of potential future uses, adding to its versatility and long-term value. Don't miss out on this flexible and financially sound investment!
Price $449,900
Taxes: $3479.65
Assessment Year: 2025
Occupancy: Tenant
Address: 646 Main Stre East , North Bay, P1B 1B9, Nipissing
Directions/Cross Streets: Main Street/John Street/Oak Street.
Rooms: 11
Bedrooms: 4
Bedrooms +: 0
Family Room: T
Basement: Separate Ent, Partially Fi
Washroom Type No. of Pieces Level
Washroom Type 1 3 Main
Washroom Type 2 4 Second
Washroom Type 3 3 Upper
Washroom Type 4 0
Washroom Type 5 0
Total Area: 0.00
Approximatly Age: 100+
Property Type: Triplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Private Tr
Drive Parking Spaces: 3
Park #1
Parking Type: Private Tr
Park #2
Parking Type: Private Tr
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 2000-2500
Property Features: Library, Place Of Worship
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $22,495 $44,990 $67,485 $89,980
First Mortgage $427,405 $404,910 $382,415 $359,920
CMHC/GE $17,096.2 $12,552.21 $10,707.62 $0
Total Financing $444,501.2 $417,462.21 $393,122.62 $359,920
Monthly P&I $2,193.53 $2,060.1 $1,939.99 $1,776.14
Expenses $0 $0 $0 $0
Total Payment $2,193.53 $2,060.1 $1,939.99 $1,776.14
Income Required $82,257.49 $77,253.77 $72,749.59 $66,605.25

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$1,110.09
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Century 21 Blue Sky Region Realty Inc., Brokerage
Personal Picture
Hamid-Reza Danaie
Broker
Dir:
416-904-7200
Bus:
905-889-2200
Fax:
905-889-3322
 
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At a Glance:
Type: Freehold - Triplex
Area: Nipissing
Municipality: North Bay
Neighbourhood: Central
Style: 2 1/2 Storey
Lot Size: x 132.00(Feet)
Approximate Age: 100+
Tax: $3,479.65
Maintenance Fee: $0
Beds: 4
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
Payment Calculator:
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