Property Details

2469 TROUT LAKE Road, North Bay, Ontario, P1B7S8

2469 TROUT LAKE Road, North Bay, Ontario, P1B7S8 (ID 40009868)
Representative
Sutton - Choice Real Estate Inc., Brokerage
Office
Tel: (705) 223-9595
Website

$1,600,000 - For sale

ID#:40009868

2469 Trout Lake Road - 12 plex built in 2010. Insulated Concrete Forms foundation. Concrete structure with roof trusses and in-floor radiant hot water heating. Separately metered units. Prime location with close proximity to all of the city's amenities. Lots of parking on site for tenants and guests. This 12 plex was built through an affordable housing partnership between the Ministry of Municipal Affairs & Housing / District of Nipissing Social Services Administrative Board / City of North Bay. AS such any new prospective buyer must be approved by the above entities. Previous / Current experience as a landlord is paramount in the approval process. Landlord must keep rents at 80% of market as determined by CHMC. 2019 Gross Income $132,400 - Expenses $36,000 - Net Income $96,000. Current Rent Roll shows an increase of income allowing for the NOI to increase to approximately $102,000. All units are in first class shape, three piece tubs, ceramic floors throughout, in new shape kitchens. (id:2471)

Location DescriptionHwy 17 turn on Trout Lake Rd

Property Details
  • Property Address:2469 TROUT LAKE Road, North Bay, Ontario, P1B7S8
  • Property Type:Multi-family
  • Lot Size:0.47
  • Acreage:0.47 ac|under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access
Structure Details for 2469 TROUT LAKE Road, North Bay, Ontario, P1B7S8
  • Building Age:2010
  • Floor Space:11000
  • Heating Type:Radiant heat, Hot water radiator heat
  • Storeys:3
  • Basement Type:None
  • Cooling Type:None
  • Exterior Type:Concrete, Vinyl siding, Wood
Amenities for 2469 TROUT LAKE Road, North Bay, Ontario, P1B7S8 Park setting, Park/reserve, Paved driveway, Laundry- Coin operated
  • Amenities Nearby:Park, Public Transit
Representative
Sutton - Choice Real Estate Inc., Brokerage
Office
Tel: (705) 223-9595
Website
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Listing Office: RE/MAX Legend Real Estate Inc., Brokerage (138)

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2469 TROUT LAKE Road, North Bay, Ontario, P1B7S8

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