Property Details
502 ELLIS Street, North Bay, Ontario, P1B1W3
Sales Representative
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-691-7698
Tel: 705-560-5650
Toll free: 800-601-8601
$875,000 - For sale
Seize the opportunity to expand your portfolio with 502 Ellis St! This purpose-built six-plex is a prime investment waiting to be claimed. Boasting desirable features like ample parking, separate hydro meters, and a reliable laundry income, this property is tailor-made for savvy investors seeking a lucrative venture. Potential for higher annual returns by increasing all units to market rent, maximizing your profitability. Currently, the property generates a gross income of $71,940, with expenses of $22,875, resulting a net operating income (NOI) of $49,064 and capitalization rate of 5.75%, inclusive of management, vacancy, and maintenance fees. Situated in a central location, 502 Ellis St offers convenience and access to amenities. Residents will appreciate the proximity to schools, parks, shopping centers, and reliable public transportation, ensuring a comfortable and convenient lifestyle. Don't miss out on this exceptional opportunity to expand your investment portfolio. Arrange a viewing today and secure this income-generating property. (id:2471)
Location DescriptionTake Hwy 11 to Seymour Street. Take Seymour and turn onto Ellis St. Property is located on the corner of Ellis and Regina Streets.
- Property Address:502 ELLIS Street, North Bay, Ontario, P1B1W3
- Property Type:Multi-family
- Title:Condominium
- Lot Size:under 1/2 acre
- Acreage:under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Road access, Highway access, Highway Nearby
- Building Age:1957
- Bedrooms:12
- Bathrooms:6
- Floor Space:3300
- Heating Type:Electric
- Style:Detached
- Storeys:1
- Basement Type:Full (Finished)
- Foundation Type:Block
- Cooling Type:None
- Exterior Type:Brick
- Amenities Nearby:Airport, Hospital, Public Transit, Schools, Shopping, Ski area
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 502 ELLIS Street, North Bay, Ontario, P1B1W3
- Neighbourhood Information
502 ELLIS Street, North Bay, Ontario, P1B1W3
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