ON > North Bay > College Heights
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 999,900
Est. payment | /mo

13 Baths

4,852 SqFt

Save
$ 999,900
Est. payment | /mo
Save

13 Baths

4,852 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 4,852 sqft

Price per Sqft $206

Subdivision College Heights

MLS Listing ID X12368096

Annual Tax Amount $11,642

Tax Year 2025

Property Sub-Type Investment

Property Description

Looking for a strong cash-flowing investment that meets the 1% rule? This turnkey 13-unit residential complex delivers immediate income with excellent upside potential as interest rates decline. Sitting on a 1-acre lot, the property includes a newly renovated 3-bedroom detached home and a 12-unit main building that was rezoned in 2022. The main building offers 11 bachelor units and one 1-bedroom unit. Gross rental income is $138,131 with projected expenses (including management, vacancy, and maintenance) estimated at $63,528.94, resulting in a solid net income before financing of $74,602.06 With 7 units already at or near market rent, there is substantial opportunity to grow returns as the remaining tenancies turn over. The property has been well-documented and carefully maintained, with updates and reports that include: new shingles with ice guard (2023), site plan control with building and parking details, water testing and well reports, zoning confirmations, a 2014 fire retrofit, and detailed income/expense statements. The fully renovated 3-bedroom home was restored by professional fire remediation. Package includes occupancy permits and major updates including electrical, gas furnace, framing, and drywall, all completed to current code. Additional highlights include 5 older septic systems in good working order and a drilled well, supported by engineering reports confirming compliance with MOE guidelines. House is vacated Oct 28 and could be vacant for closing although landlord will be actively advertising it for rent.

Location

Province ON

County Nipissing

Community College Heights

Area Nipissing

Zoning RC Sp.22 with SPC

Interior

Cooling No

Inclusions 13 Fridges, 13 Stoves, Coin Operated Washer & Dryer

Exterior

Community Features Major Highway, Skiing

Utilities Available Yes

Lot Frontage 210.0

Lot Depth 210.0

Others

ParcelsYN No

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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4319 Highway 11 N/A N