Investors check out the 8% CAP rate on this vacant Legal Duplex! Pick your own tenants & set the rents in our low vacancy rate City. 959 Memorial Drive has been recently renovated and is located a block away from North Bay’s famous Lake Nipissing waterfront, parks, beaches, events, shopping, bike path and more. This vacant solid bungalow has been renovated from top to bottom – gas boiler hot water heating system, 2 HRV systems, shingles, electrical, plumbing, insulation, sliding, eaves etc... The front unit is a 3bd plus den with 2 full baths and an open concept kitchen/living area, huge master bedroom with walk out to deck and a big backyard. The back unit is a large one bedroom with full bath/laundry and open concept kitchen/living area with a separate deck overlooking the large back yard. There’s extra income potential to rent the attached garage or have each tenant use it for storage. Laundry hook-ups available in each unit. Parking can be set up at the front or you can drive around to the back yard. All amenities – shopping, bank, grocery store, LCBO, movie theatre, restaurants, bike path, public bus route are within walking distance. Also, a great opportunity to live in one unit and rent the other as a mortgage helper or start your rental portfolio today! Expenses: Gas $1571, water $1346, taxes $3579, insurance $2208 (tenants pay hydro) (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
4
Bathrooms
3
Lot
66 x 98 ft
Amenities Nearby
Marina, Park, Place of Worship, Public Transit, Schools, Shopping
Features
Crushed stone driveway, Shared Driveway, Sump Pump
Listing Contract Date
2024-03-20
Location Description
Lakeshore to Judge to Memorial Drive
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1936
Cooling Type
None
Exterior Finish
Vinyl siding
Fire Protection
Unknown
Heating Fuel
Natural gas
Stories Total
1
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
Visitor Parking
Land
Total Size
0.156 acres
Access Type
Road access
Amenities
Marina, Park, Place of Worship, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
Size of Irregular Land
0.156
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