502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3
502 Ellis Street North Bay ON P1B 1W3

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    Seize the opportunity to expand your portfolio with 502 Ellis St! This purpose-built six-plex is a prime investment waiting to be claimed. Boasting desirable features like ample parking, separate hydro meters, and a reliable laundry income, this property is tailor-made for savvy investors seeking a lucrative venture. Potential for higher annual returns by increasing all units to market rent, maximizing your profitability. Currently, the property generates a gross income of $71,940, with expenses of $22,875, resulting a net operating income (NOI) of $49,064 and capitalization rate of 5.75%, inclusive of management, vacancy, and maintenance fees. Situated in a central location, 502 Ellis St offers convenience and access to amenities. Residents will appreciate the proximity to schools, parks, shopping centers, and reliable public transportation, ensuring a comfortable and convenient lifestyle. Don't miss out on this exceptional opportunity to expand your investment portfolio. Arrange a viewing today and secure this income-generating property. (id:24093)
    Listed by SOHAIL ROUHANI and TUCKER ROY of RE/MAX Legend Real Estate Inc.,Brokerage

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    "Based on information submitted to CREA as of October 2, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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