745 Morin Street,North Bay, ON P1B 5S1
North Bay, ON P1B 5S1
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.
Details
| MLS # | X13501156 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 127 |
| Listing Provided By | Royal LePage Northern Life Realty, Brokerage | X13501156 544500 |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.14 |
Interior
| Interior Features | Floor Drain, Separate Hydro Meter, Water Meter |
|---|---|
| Lease To Own Equipment | Water Heater |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Year Round Living, Deck |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Concrete Block |
| Construction Materials | Brick |
| Security Features | Smoke Detector, Carbon Monoxide Detectors |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5221 |
|---|---|
| Tax Legal Description | PCL 383 SEC WF; LT 114 PL M28 WIDDIFIELD; NORTH BAY ; DISTRICT OF NIPISSING |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Nipissing |
| City | North Bay |
| Postal Code | P1B 5S1 |
| Area | Central |
| Listing VS Median (in P1B 5S1) | |
Price: $1,110,000 low | high Med: $0 On site: 127 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Nipissing |
| City | North Bay |
| Postal Code | P1B 5S1 |
| Area | Central |
| Listing VS Median (in P1B 5S1) | |
Price: $1,110,000 low | high Med: $0 On site: 127 low | high Med: | |