REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 329,900
Est. payment /mo
Price Dropped by $20K
997 Hammond ST North Bay, ON P1B 2H6
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Central
MLS Listing ID X12839348
Style 2-Storey
Bedrooms 6
Annual Tax Amount $2,663
Tax Year 2025
Property Sub-Type Triplex
Property Description
INVESTOR ALERT - Exceptional 12.57% CAP Rate on a Prime Corner Lot! This massive 2,139 sq. ft. triplex offers a significant cash-flow opportunity in central North Bay. The property is uniquely configured with a rear 2-bedroom, 1-bathroom bungalow-style unit occupied by a stable, 7-year tenant, providing immediate guaranteed income. The front of the building consists of two spacious 2-storey units, each featuring 2 bedrooms and 1 bathroom. These front units are delivered vacant, offering a prime opportunity for an investor to refresh the spaces to their own standards and set current market rents to maximize ROI. Situated on a prominent corner lot at the end of a quiet street, the property features impressive vaulted ceilings that create a high-end feel. This powerhouse addition to any portfolio includes a detached garage and ample parking for 5 vehicles. Some Photos Virtually Augmented.
Location
Province ON
County Nipissing
Area Nipissing
Zoning Residential 3rd Density - Triplex
Rooms
Family Room No
Basement Crawl Space
Kitchen 3
Interior
Interior Features Suspended Ceilings
Cooling None
Inclusions 461 Haig St Unit - Fridge & Stove. 997 Hammond St unit - Fridge & Stove. 993 Hammond St unit - Fridge & Stove.
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 100.0
Total Parking Spaces 5
Building
Building Age 100+
Foundation Stone
Others
Senior Community Yes
ParcelsYN No
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage