North Bay, Ontario P1A1Y1
4 beds · 3 baths · 2520 sqft
Investors check out the 8% CAP rate on this vacant Legal Duplex! Pick your own tenants & set the rents in our low vacancy rate City. 959 Memorial Drive has been recently renovated and is located a block away from North Bay’s famous Lake Nipissing waterfront, parks, beaches, events, shopping, bike path and more. This vacant solid bungalow has been renovated from top to bottom – gas boiler hot water heating system, 2 HRV systems, shingles, electrical, plumbing, insulation, sliding, eaves etc... The front unit is a 3bd with 1 full bath & 1 half bath and an open concept kitchen/living area, huge master bedroom with walk out to deck and a big backyard. The back unit is a large one bedroom with full bath/laundry and open concept kitchen/living area with a separate deck overlooking the large back yard. There’s extra income potential to rent the attached garage or have each tenant use it for storage. Laundry hook-ups available in each unit. Parking can be set up at the front or you can drive around to the back yard. All amenities – shopping, bank, grocery store, LCBO, movie theatre, restaurants, bike path, public bus route are within walking distance. Also, a great opportunity to live in one unit and rent the other as a mortgage helper or start your rental portfolio today! Expenses: Gas $1571, water $1346, taxes $3579, insurance $2208 (tenants pay hydro) (id:39198)
Year built 1936
Floor size 2520 sqft
Bedrooms 4
Bathrooms 3
Parking 3
NeighbourhoodFerris
Land size 0.156 ac|under 1/2 acre
Heating type
Basement typeFull (Finished)
Parking Type
Time on REALTOR.ca21 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Home price
$499,900
Start with 2% down and save toward 5% in 3 years*
$4,547 / month
Rent $4,021
Savings $526
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 10% in 3 years*
$4,811 / month
Rent $3,898
Savings $913
Initial deposit 5%
Savings target Fixed at 10%