4319 Highway 11 N, North Bay, ON, P1B 8G3 - investment for sale | Listing ID 40600933

4319 HIGHWAY 11 N, North Bay, Ontario, P1B 8G3

MLS® # 40600933

Investment For Sale In North Bay, Ontario

$1,140,000

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4319 Highway 11 N, North Bay, ON - Outdoor

4319 Highway 11 N, North Bay, ON - Outdoor With Exterior

4319 Highway 11 N, North Bay, ON - Indoor Photo Showing Other Room

4319 Highway 11 N, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink

4319 Highway 11 N, North Bay, ON - Indoor Photo Showing Bathroom

4319 Highway 11 N, North Bay, ON - Outdoor With Backyard

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4319 HIGHWAY 11 N, North Bay, Ontario, P1B 8G3

$1,140,000

Property Information:

Seller willing to hold a second VTB mortgage to cover your down payment. Want a cash flowing property that meets the 1% rule? What will the property cash flow produce as interest rates decline? Turnkey 13 Unit residential complex sitting on 1 acre consisting of a newly renovated 3-bedroom stand-alone house, and a 12 unit converted motel rezoned in 2022 with 11 bachelor units and 1x1 bedroom unit. Gross rents are $137410 with expense calculation including property management, vacancy and maintenance equaling $58571 giving a net income before mortgage of $78838. This complex has only 7 units close too or at market rent giving the new owner room to lift their investment when the remaining 5 tenants move out. Many supporting docs on including new shingles with ice guard to peak 2023, site plan control showing all buildings parking etc., water testing and well reports, zoning confirmations, fire retrofit 2014 and of course a detailed income and expenses report. 3 Bedroom house just received occupancy permits from city, previous fire remediation and recently renovated. Any touched renovations done to current code including electrical, gas furnace, framing, drywall etc. 4 older septics, drilled well with engineering reports under MOE guidelines. (id:27)

Building Features:

Style: Multiplex
Basement Type: None
Exterior Finish: Vinyl siding
Foundation Type: Block
Heating Type: Baseboard heaters, Forced air
Heating Fuel: Electric, Natural gas
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Highway access
Community Features: School Bus
Features: Visual exposure, Crushed stone driveway, Laundry- Coin operated
Lot Depth: 210.0 Feet
Lot Frontage: 210.0 Feet
Zoning: RC Sp.22 with SPC
Sewer: Septic System
No. of Parking Spaces: 18

Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage

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Location of 4319 HIGHWAY 11 N, North Bay, Ontario, P1B 8G3

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

43/100

Moderate

ClimateCheck®

Current data

This property, 4319 HIGHWAY 11 N , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 32.5 degrees Celsius.

Projected Avg. Temperature

Past

29℃

2050

32.5℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

65/100

Moderate-High

ClimateCheck®

Current data

This property, 4319 HIGHWAY 11 N , experiences 11 significant 2-day storms per year, with about 328.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 416.9mm of precipitation per year.

Precipitation Per Storm

Past

328.7mm

2050

416.9mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Property Information:

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Property Features:

Market Price Trends

Location of 4319 HIGHWAY 11 N, North Bay, Ontario, P1B 8G3

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

4319 HIGHWAY 11 N, North Bay, Ontario, P1B 8G3

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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