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525 HIGH Street, North Bay, Ontario, P1B 6R5

MLS® # 40549107
Investment For Sale In North Bay, Ontario
$925,900
Welcome to 525 High Street. - 525 High Street, North Bay, ON - Outdoor With View
Welcome to 525 High Street. - 525 High Street, North Bay, ON - Outdoor
Welcome to 525 High Street. - 525 High Street, North Bay, ON - Outdoor
view from High Street. - 525 High Street, North Bay, ON - Outdoor
rear view from yard/parking area faces South. New Fire escape completion 2024 - 525 High Street, North Bay, ON - Outdoor
New Fire escape to upper unit. 2024 - 525 High Street, North Bay, ON - Outdoor
Parking for each unit and 3 visitor spaces. - 525 High Street, North Bay, ON - Outdoor
Unit 7.  (2 Bedrooms unit) recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor
Unit 4 Bedroom 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 living room - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Living room - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Interior building Entry to unit 4 and stairs to unit 5. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 (3 bedroom) Living room, view of entry to kitchen and two of the bedrooms. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Living room UNIT 5 (3 Bedroom) - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 Bathroom (fully renovated) - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 Bathroom (fully renovated) - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Newly modernized Unit 5 Bed 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 bed 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 Bedroom 3 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 Bedroom 3 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor
Newly modernized kitchen & dining Unit 5Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
North Street View. - 525 High Street, North Bay, ON - Outdoor
Arial prior to staircase completion. - 525 High Street, North Bay, ON - Outdoor
East Side View entrance to the parking area. - 525 High Street, North Bay, ON - Outdoor
East Side View - 525 High Street, North Bay, ON - Outdoor
Parking South Side view - 525 High Street, North Bay, ON - Outdoor
Arial shot from Algonquin Avenue prior to staircase finished. - 525 High Street, North Bay, ON -  With View
South view, staircase completion 2024. - 525 High Street, North Bay, ON - Outdoor
525 High Street, North Bay, ON - Outdoor
Secondary exit to fire escape from unit 5 (3 bedroom) - 525 High Street, North Bay, ON - Outdoor With Exterior
View from the top of staircase ( North Bay's downtown and Lake Nipissing) - 525 High Street, North Bay, ON - Outdoor With View
Welcome to 525 High Street. - 525 High Street, North Bay, ON  - Outdoor With View
Welcome to 525 High Street. - 525 High Street, North Bay, ON  - Outdoor
Welcome to 525 High Street. - 525 High Street, North Bay, ON  - Outdoor
view from High Street. - 525 High Street, North Bay, ON  - Outdoor
rear view from yard/parking area faces South. New Fire escape completion 2024 - 525 High Street, North Bay, ON - Outdoor
New Fire escape to upper unit. 2024 - 525 High Street, North Bay, ON - Outdoor
Parking for each unit and 3 visitor spaces. - 525 High Street, North Bay, ON - Outdoor
Unit 7.  (2 Bedrooms unit) recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 7. recent update 2023 and currently tenanted. - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor
Unit 4 (2 Bedroom) kitchen modernized/painted unit 2024 - 525 High Street, North Bay, ON - Indoor
Unit 4 Bedroom 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 living room - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Living room - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Interior building Entry to unit 4 and stairs to unit 5. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 (3 bedroom) Living room, view of entry to kitchen and two of the bedrooms. - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Living room UNIT 5 (3 Bedroom) - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 Bathroom (fully renovated) - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 Bathroom (fully renovated) - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Newly modernized Unit 5 Bed 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 bed 1 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 Bedroom 2 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 Bedroom 3 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized Unit 5 Bedroom 3 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor
Newly modernized kitchen & dining Unit 5Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Newly modernized kitchen & dining Unit 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
North Street View. - 525 High Street, North Bay, ON - Outdoor
Arial prior to staircase completion. - 525 High Street, North Bay, ON - Outdoor
East Side View entrance to the parking area. - 525 High Street, North Bay, ON - Outdoor
East Side View - 525 High Street, North Bay, ON - Outdoor
Parking South Side view - 525 High Street, North Bay, ON - Outdoor
Arial shot from Algonquin Avenue prior to staircase finished. - 525 High Street, North Bay, ON -  With View
South view, staircase completion 2024. - 525 High Street, North Bay, ON - Outdoor
525 High Street, North Bay, ON - Outdoor
Secondary exit to fire escape from unit 5 (3 bedroom) - 525 High Street, North Bay, ON - Outdoor With Exterior
View from the top of staircase ( North Bay's downtown and Lake Nipissing) - 525 High Street, North Bay, ON - Outdoor With View
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525 HIGH Street, North Bay, Ontario, P1B 6R5
$925,900

Property Information:

Centrally located Multi Family 7-unit residential building! Gross income of $114,060 annually & possible VTB available. Amongst the 5 spacious 2-bedroom units, 1 bachelor unit, and a newly renovated 3-bedroom unit offering views of Lake Nipissing & the downtown core throughout the home you will find a blend of modern & original features of tall ceilings, crown molding, beautiful fireplace feature walls. Three of the 2-bedroom units are greatly under market rent. This property offers a variety of housing options to suit any tenant's needs. Each unit is equipped with its own hot water tank rental and tenants are responsible for paying their own hydro & tank rentals, ensuring a consistent stream of income for the discerning investor. This property also includes the added convenience of 10 parking spaces for tenants. Plus, with hot water heat throughout and an annually serviced boiler, this property is designed for maximum efficiency and ease of use. Recent upgrades include new fire escape to obtain occupancy permit for the fully 3 bedroom unit, a sewer line replacement in 2020; fire rated shutters for windows, chimney repaired, fencing, some flooring, paint, lighting to 4 units and coin laundry. Situated on a sprawling 183x153 ft lot, this property boasts ample space for tenants to live comfortably, while also providing a wealth of potential for savvy investors to increase profits over time. The property projects an annual net income $68,951 includes 15% costs from management/vacancy/maintenance which provides a 7.45% CAP rate on your investment. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Exterior Finish: Brick, Vinyl siding
  • Foundation Type: Block
  • Heating Type: Other
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 13
  • Amenities Nearby: Park, Playground, Public Transit, Schools, Shopping
  • Community Features: School Bus
  • Features: Laundry- Coin operated
  • Lot Depth: 154.0 Feet
  • Lot Frontage: 183.0 Feet
  • Structure Type: Shed
  • Zoning: RM1
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 10

Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage

REALTOR.ca  

Location of 525 HIGH Street, North Bay, Ontario, P1B 6R5

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: High

32 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

32 hot days expected in 2050

46/100

High

ClimateCheck®

Current data

This property, 525 HIGH Street , experiences 7 hot days per year at around 29.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 32.9 degrees Celsius.

Projected Avg. Temperature

Past
29.5℃
2050
32.9℃

# Hot Days Per Year

Past
7
2050
32

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 Storm Risk:

14 storms expected in 2050

65/100

ClimateCheck®

Current data

This property, 525 HIGH Street , experiences 11 significant 2-day storms per year, with about 322.2mm 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 408.8mm of precipitation per year.

Precipitation Per Storm

Past
322.2mm
2050
408.8mm

48-Hour Storms Per Year

Past
11
2050
14

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.

Demographic Information of 525 HIGH Street, North Bay, Ontario, P1B 6R5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$109,301.61

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.8 %

High school certificate or equivalent

25.68 %

Apprenticeship trade certificate/diploma

4.71 %

College/non-university certificate

30.59 %

University certificate (below bachelor)

2.11 %

University Degree

21.11 %

Commuter

Travel To Work

By Car

84.98 %

By Public Transit

1.12 %

By Walking

9.48 %

By Bicycle

0.0 %

By Other Methods

4.42 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

22.97 %

Houses

77.03 %

Own Vs. Rent