Property Details
240 GREENWOOD Avenue, North Bay, Ontario, P1B5G3
Sales Representative
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-691-7698
Tel: 705-560-5650
Toll free: 800-601-8601
$1,200,000 - For sale
Welcome to 240 Greenwood Ave, situated in the desirable Pinewood neighborhood. This purpose-built six-plex is the perfect investment opportunity for those looking to expand their portfolio. With ample parking, separate hydro meters, and laundry income, this property is an excellent choice for savvy investors. There is potential for all units to be brought up to market rent increasing annual returns. This property is conveniently located near Nipissing University, the hospital, and Public Transit, making it an attractive choice for tenants. The gross income for this property is $98,484, with expenses of $25,593, resulting in a net operating income (NOI) of $72,890. With a CAP rate of 6% ( Management/ Vacancy/ Maintenance fees included), this property offers a solid return on investment. Don't miss out on this fantastic opportunity to own a six-plex in a highly sought-after neighborhood. (id:2471)
Location DescriptionHighway 11 to Algonquin Ave, Right on Greenwood to SOP
- Property Address:240 GREENWOOD Avenue, North Bay, Ontario, P1B5G3
- Property Type:Multi-family
- Title:Freehold
- Lot Size:0.21 ac|under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Road access, Highway access
- Driveway:Visitor Parking
- Bedrooms:12
- Bathrooms:6
- Floor Space:3600
- Heating Type:Radiant heat, Hot water radiator heat
- Style:Detached
- Storeys:2
- Basement Type:Full (Finished)
- Foundation Type:Block
- Cooling Type:None
- Rental Equipment:Water Heater
- Exterior Type:Stucco
- Amenities Nearby:Airport, Beach, Golf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools
Sales Representative
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-691-7698
Tel: 705-560-5650
Tollfree: 800-601-8601
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 240 GREENWOOD Avenue, North Bay, Ontario, P1B5G3
- Neighbourhood Information
240 GREENWOOD Avenue, North Bay, Ontario, P1B5G3
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