$855,000
272 First Avenue W, North Bay, ON P1B 3C1
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230-232 Fifth Avenue W — Fourplex
For SaleNorth Bay, ON P1B 3N6
6 Bed · 4 Bath · Fourplex
MLS #X11990952
$549,900
Listed Price
About This Property
Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.
Property Details
Bedrooms
6
Bathrooms
4
Square Feet
2500-3000 sqft
Property Type
Fourplex
Style2-Storey
Approx. Age100+ years
Lot Size40 117 ft
Frontage40.3 ft
Depth117.0 ft
GarageNone
BasementPartial Basement, Unfinished
HeatingForced Air
Parking Spaces2
Listed OnFeb 26, 2025
MLS Size2500-3000
Property Tax$5,400/year
230-232 Fifth Avenue W History
Complete transaction history for this property
Sold
Sold: Nov 2, 2025
$521,500
-$18,400 (-3.4%)
Listed: $539,900• 104 days on market• Sale
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OQ
Your Agent
OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Home Features
Property TypeFourplex
Style2-Storey
Approx. Age100+ years
Lot Size40 × 117 ft
Frontage40.3 ft
Depth117.0 ft
GarageNone
BasementPartial Basement, Unfinished
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About 230-232 Fifth Avenue W, North Bay, ON P1B 3N6
230-232 Fifth Avenue W, North Bay, ON P1B 3N6 is a 6-bedroom, 4-bathroom 2-storey fourplex with approximately 2500-3000 square feet of living space, situated on a 40 117 foot lot. This property is currently for sale at $549,900. The home features a none garage and a partial basement, unfinished basement, built approximately 100+ years ago.
Central Neighbourhood
This home is located in Central, part of North Bay in the Nipissing area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in Central, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
230-232 Fifth Avenue W, North Bay, ON P1B 3N6
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