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$ 1,149,900
Est. payment /mo
New
26 PLUMTREE PLACE North Bay (ferris), ON P1A3Y5
12 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Subdivision Ferris
MLS® Listing ID X13809276
Style Raised bungalow
Bedrooms 12
Half Baths 4
Property Description
Well-maintained fourplex offering four spacious townhouse-style units, each approximately 1,440 sq. ft. and featuring 3 bedrooms, including a large primary bedroom with cheater ensuite. The units offer an abundance of living space and functional layouts, along with walk-out basements and convenient in-unit laundry. Each unit also has its own semi-private yard space and two designated parking spaces. Built in 2016 by Jeff Staples, this property is situated on a quiet cul-de-sac in a desirable neighbourhood, with shopping, restaurants, parks, beaches, and public transit all nearby. The property sits on a good-sized lot with an irregular shape, providing a nice balance of outdoor space and privacy. All four units are separately metered, with tenants responsible for hydro, natural gas, and water, resulting in very low operating costs for the owner. The current cap rate also offers meaningful upside, with the potential to improve returns significantly as units turn over and rents are adjusted to current market levels. This would also make an excellent owner-occupied investment, allowing a buyer to live comfortably in one spacious unit while collecting rental income from the other three. A great opportunity to build long-term wealth while enjoying the benefits and comfort of living in a newer, well-designed home.A strong opportunity for an investor looking for a newer, spacious fourplex in a convenient location with excellent long-term rental appeal and room to increase the property's income potential over time. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
Community Features School Bus
View Y/N Yes
View City view
Attached Garage No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Raised bungalow
Listed by Century 21 Blue Sky Region Realty Inc., Brokerage
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