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Est. payment /mo
New
14 Milford CRES North Bay, ON P1A 1M3
23 Beds
12 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Ferris
MLS Listing ID X14101536
Style 3-Storey
Bedrooms 23
Annual Tax Amount $28,800
Tax Year 2026
Property Sub-Type Multiplex
Property Description
Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in.
Location
Province ON
County Nipissing
Area Nipissing
Zoning RM3
Rooms
Family Room Yes
Basement None
Kitchen 12
Interior
Interior Features Water Heater
Cooling None
Inclusions 12 Fridges, 12 stoves
Exterior
Exterior Feature Controlled Entry, Year Round Living
Parking Features Private
Pool None
Roof Type Flat,Tar and Gravel
Lot Frontage 123.0
Lot Depth 125.0
Total Parking Spaces 13
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage