196 SECOND AVENUE E, North Bay (Central)

$989,900

For sale: Multiplex

Multiplex at 196 SECOND AVENUE E, North Bay (Central)
Property type
Fourplex
Bedrooms / bathrooms
8 bedrooms, 4 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13701478
Neighbourhood
Central

Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.

Sold data

Multiplex homes in North Bay (Central) — recent sold market

Multiplex homes in North Bay (Central) took a median of 26 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 55, across 40 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 28 days.

The median sale price was $387,450.

Homes sold for about 2.9% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$387,450
Sale-to-list ratio
97.1%
Sold above asking
10%

Based on 40 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in North Bay (Central)

North Bay (Central) has 20 Fraser Institute–rated schools (15 elementary and 5 secondary), averaging 4.4/10.

Rated schools
20
Elementary
15
Secondary
5
Average rating
4.4 / 10

Top-rated schools in North Bay (Central)

  • St. Luke — elementary, North BayFraser rating 7.0/10
  • Odyssée — secondary, North BayFraser rating 6.9/10
  • Vincent Massey — elementary, North BayFraser rating 6.6/10
  • Alliance — elementary, North BayFraser rating 5.9/10
  • Chippewa — secondary, North BayFraser rating 5.5/10
  • West Ferris — secondary, North BayFraser rating 5.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 196 SECOND AVENUE E