196 Second Avenue, North Bay, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Central. Expertly crafted featuring premium brick front and brick veneer construction, this residence presents an exceptional opportunity offered at $989,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 38 x 85 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: ERV/HRV, On Demand Water Heater
- Efficient radiant heating via gas
Description
Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.
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Property Summary
This fourplex located at 196 Second Avenue, North Bay is currently for sale and has been available on SousaSells for 8 days. This property is listed at $989,900 with an estimated mortgage of $3,295* per month. It has 8 beds, 4 bathrooms, and is 2000-2500 square feet. 196 Second Avenue, North Bay is in the Central neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Central, North Bay.
- •8 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Central, North Bay.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- ERV/HRV
- On Demand Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 196 Second Avenue, North Bay, ON
Q.What is the asking price for 196 Second Avenue, North Bay, ON ?
The current listing price for 196 Second Avenue, North Bay, ON in Central, North Bay is $989,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 4 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 196 Second Avenue, North Bay, ON ?
196 Second Avenue, North Bay, ON is a Fourplex (2-Storey) featuring a Apartment, Separate Entrance basement.
Q.What interior features are included in this home?
Interior highlights include: ERV/HRV, On Demand Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Central, North Bay
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 196 E Second Avenue E, North Bay, ON P1B 1L2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in North Bay, ON
For a property listed at $989,900 in North Bay, the legal minimum down payment is $73,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,273 for this transaction. As this listing is in North Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,273.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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