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745 Morin Street, North Bay, ON P1B 5S1

$1,110,000
: 8
BD
: 3
BA
: 2,500
SqFt

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List Price: $1,110,000
MLS#: X13501156
Status: ACTIVE
Type: Multifamily
SubType: Triplex
Style: 2-Storey
Bedrooms: 8
Bathrooms: 3
Living Area: 2500-3000
Province: ON
Municipality: North Bay
Area: Nipissing
Neighborhood: Central
Subdivision: High St

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Property Description

Pride of ownership is evident throughout this meticulously maintained purpose-built triplex, offering investors a true turnkey opportunity with strong, reliable returns. Extensively updated over the years, this high-performing income property features two spacious 3-bedroom units and one 2-bedroom unit, along with shared coin-operated laundry that provides additional income. The building is fully occupied and has been operated as a non-smoking, pet-free property. With an excellent unit mix, on-site parking, private balconies, tenant storage, separate hydro meters, and minimal maintenance requirements, this property is well-positioned for continued long-term success. Currently generating approximately $86,400 in gross annual income and an estimated net operating income of $58,149 it , represents a solid addition to any investment portfolio. Detailed income and expense information are available to qualified buyers upon request. Roof has recently been re-shingled 2026.

905-259-9418

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Additional Information

Taxes: $5,221
Heat Type: Radiant
Heat Source: Gas
Air Conditioning: None
Kitchens: 3
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 4
Parking Type: Private