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586 Main Street E, North Bay (central), Ontario

$499,900

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6

Beds

4

Baths

About 586 Main Street E

Excellent Investment Opportunity in Downtown North Bay! This income property features three self-contained 1-bedroom units plus a spacious 3-bedroom rooming house, offering strong and consistent rental income. With a cap rate of over 9%, this property is a rare find for savvy investors. Recent renovations completed within the past 3-6 years include updates to the flooring, kitchens, bathrooms, and major mechanicals. Tenants enjoy the added convenience of on-site coin laundry. Located in the heart of downtown, it's just steps from shopping, restaurants, public transit, and the beautiful North Bay waterfront. Tenants enjoy convenience, and investors enjoy cash flow this is a win-win! Don't miss out on this high-performing asset in a prime location. (id:6289)

Features of 586 Main Street E

Listing # X12274089
Price $499,900
Bedrooms 6
Bathrooms 4.00
Acres 0.00
Type Multi-family

Community Information

Address 586 Main Street E
Subdivision Central
City North Bay (central)
Province Ontario
Postal Code P1B1B8

Amenities

Parking Spaces 2
Parking No Garage
Is Waterfront No
Has Pool No

Interior

Appliances Water Heater, Stove, Refrigerator
Heating Natural gas Forced air
Cooling None
Fireplace No
# of Stories 3
Has Basement No
Basement Apartment in basement

Exterior

Exterior Brick
Lot Description 29.9 x 99.8 FT|under 1/2 acre
Foundation Stone

Listing Details

OfficeColdwell Banker-Peter Minogue R.E., Brokerage

Listing Map

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Listing information last updated on October 30th, 2025 at 11:16am PDT.