997 HAMMOND STREET, North Bay (Central), Ontario, P1B2H6

Property Description

INVESTOR ALERT - Exceptional 10.22% 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 Staged. (id:64974)

Quick Facts

• Property Type: Triplex
• Bedrooms: 6 (6 above)
• Bathrooms: 3
• Attached: Yes
• Parking: 5 spaces (Detached Garage, Garage)
• Frontage: 40 ft (12.2 m)

Costs

• Annual Taxes: $2,663.00 (2025)

Listing Provided by: REALTY EXECUTIVES Local Group Inc. Brokerage
Board: North Bay and Area REALTORS® Association
Data provided via CREA DDF®.