525 HIGH St, North Bay, ON P1B 6R5

Q: What is the Area Size of the 525 HIGH St In Sq.Ft and it's MLS No.?

The project covers an area of approximately sqft sq. ft and is strategically located in Nipissing. The MLS No of this project is X10708705 and the Project is located in Ontario, Canada.

Q: How far is this property from my workplace?

You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.

Q: What are the Key Features 525 HIGH St is Offering?

Square Yards is giving a Cashback of $4,500 if you buy this property from us, however there are several key features offered by the 525 HIGH St. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.

Q: How many Parking Space available in this 525 HIGH St?

525 HIGH St in Nipissing offers a total of 0 parking spaces for residents.

Q: How many Beds & Baths available in 525 HIGH St, Nipissing?

525 HIGH St, Nipissing comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!

Q: How many Apartments and Condos are available for Sale in Nipissing, ?

Nipissing, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately 515 apartments and condos available currently for your perusal.

525 HIGH St, North Bay MLS Number: X10708705

Central, North Bay, Nipissing, ON, P1B 6R5

This centrally located, cash flowing 7-unit multi-family residential building generates an impressive annual gross income of $107,460. The property consists of five spacious 2-bedroom units, one bachelor unit, and a newly renovated 3-bedroom unit offering views of Lake Nipissing and the downtown area. Blending modern touches with original charm, the building features tall ceilings, crown molding and elegant fireplace accent walls. Three of the 2-bedroom units are currently renting for under market rent, offering excellent potential for increased revenue. Each unit contains it's own rental hot water tank-tenants are responsible for their own hydro and rental costs, providing a consistent income stream for investors. The property also includes 10 parking spaces, hot water heating throughout, and an annually serviced boiler for maximum efficiency and ease. Recent upgrades include a new fire escape for the 3-bedroom unit (thereby meeting occupancy requirements), Fire safety compliance order completed 2024 with several upgrade throughout the building to meet safety standards, a sewer line replacement in 2020, fire-rated shutters, chimney repairs, new fencing, and improvements to flooring, paint, lighting in several units, and updated coin operated laundry space for all tenants. Situated on a spacious 183'x153' lot, the property offers ample living and parking space for tenants. The projected annual net income is $63,221, accounting for 15% management, vacancy, & maintenance costs, and providing a solid 7% CAP rate.