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

MLS® # 40652296
Investment For Sale In North Bay, Ontario
$900,000
7 Plex @ 515-525 High street. 5 2-bed units, 1 3 bed unit, 1 bachelor. - 525 High Street, North Bay, ON - Outdoor With View
7 Plex @ 515-525 High street. 5 2-bed units, 1 3 bed unit, 1 bachelor. - 525 High Street, North Bay, ON - Outdoor With View
Rear of building with new fire escape - 525 High Street, North Bay, ON - Outdoor
Rear of building with new fire escape - 525 High Street, North Bay, ON - Outdoor
new 2023 fire escape added to 5th unit 3rd floor. - 525 High Street, North Bay, ON - Outdoor
new 2023 fire escape added to 5th unit 3rd floor. - 525 High Street, North Bay, ON - Outdoor With Exterior
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Stair case to units 4 & 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5- 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5- 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Beautiful city views for these tenants - 525 High Street, North Bay, ON - Outdoor With View
Beautiful city views for these tenants - 525 High Street, North Bay, ON - Outdoor With View
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
each unit pays their own hydro and water tank rentals - 525 High Street, North Bay, ON - Indoor Photo Showing Basement
Coin operated laundry for the units in basement area. - 525 High Street, North Bay, ON - Indoor Photo Showing Laundry Room
7 Plex @ 515-525 High street. 5 2-bed units, 1 3 bed unit, 1 bachelor. - 525 High Street, North Bay, ON - Outdoor
Corner of Algonquin & High street. - 525 High Street, North Bay, ON - Outdoor
7 Plex @ 515-525 High street. 5 2-bed units, 1 3 bed unit, 1 bachelor. - 525 High Street, North Bay, ON - Outdoor With View
7 Plex @ 515-525 High street. 5 2-bed units, 1 3 bed unit, 1 bachelor. - 525 High Street, North Bay, ON - Outdoor With View
Rear of building with new fire escape - 525 High Street, North Bay, ON - Outdoor
Rear of building with new fire escape - 525 High Street, North Bay, ON - Outdoor
new 2023 fire escape added to 5th unit 3rd floor. - 525 High Street, North Bay, ON - Outdoor
new 2023 fire escape added to 5th unit 3rd floor. - 525 High Street, North Bay, ON - Outdoor With Exterior
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen With Double Sink
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 4 - 2 bed middle level - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Stair case to units 4 & 5 - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5- 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5- 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor
Unit 5 - 3 bedroom Top Floor - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Beautiful city views for these tenants - 525 High Street, North Bay, ON - Outdoor With View
Beautiful city views for these tenants - 525 High Street, North Bay, ON - Outdoor With View
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Other Room
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Kitchen
Unit 7 - 2 bedroom - 525 High Street, North Bay, ON - Indoor Photo Showing Bathroom
each unit pays their own hydro and water tank rentals - 525 High Street, North Bay, ON - Indoor Photo Showing Basement
Coin operated laundry for the units in basement area. - 525 High Street, North Bay, ON - Indoor Photo Showing Laundry Room
7 Plex @ 515-525 High street. 5 2-bed units, 1 3 bed unit, 1 bachelor. - 525 High Street, North Bay, ON - Outdoor
Corner of Algonquin & High street. - 525 High Street, North Bay, ON - Outdoor
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Home Insurance - TD Insurance
Get a home insurance quote online for this $900,000 property in North Bay
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $900,000 property in North Bay

Provided by TD Insurance
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ACTIVE
525 HIGH Street, North Bay, Ontario, P1B 6R5
$900,000

Property Information:

This centrally located, cash flowing 7-unit multi-family residential building generates an impressive annual gross income of $107,460. The property consists of five spacious 2-bedroom units, one bachelor unit, and a newly renovated 3-bedroom unit offering views of Lake Nipissing and the downtown area. Blending modern touches with original charm, the building features tall ceilings, crown molding and elegant fireplace accent walls. Three of the 2-bedroom units are currently renting for under market rent, offering excellent potential for increased revenue. Each unit contains it's own rental hot water tank-tenants are responsible for their own hydro and rental costs, providing a consistent income stream for investors. The property also includes 10 parking spaces, hot water heating throughout, and an annually serviced boiler for maximum efficiency and ease. Recent upgrades include a new fire escape for the 3-bedroom unit (thereby meeting occupancy requirements), Fire safety compliance order completed 2024 with several upgrade throughout the building to meet safety standards, a sewer line replacement in 2020, fire-rated shutters, chimney repairs, new fencing, and improvements to flooring, paint, lighting in several units, and updated coin operated laundry space for all tenants. Situated on a spacious 183'x153' lot, the property offers ample living and parking space for tenants. The projected annual net income is $63,221, accounting for 15% management, vacancy, & maintenance costs, and providing a solid 7% CAP rate. (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
  • Access Type: Road access
  • Amenities Nearby: Golf Nearby, Hospital, 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  

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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: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

46/100

Moderate

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 Precipitation Risk: Moderate-High

14 storms expected in 2050

65/100

Moderate-High

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.

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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

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