ON > North Bay > College Heights
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
North Bay, ON P1B 8G3,4319 Highway 11 N/A N
15
See all 15 photos
$999,900
Est. payment /mo
Save
16 Beds
13 Baths
0.5 Acres Lot
Price Dropped by $74K

4319 Highway 11 N/A N North Bay, ON P1B 8G3

Save
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
Fri
14
Nov
Sat
15
Nov
Sun
16
Nov
Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision College Heights

MLS Listing ID X12368090

Style 1 1/2 Storey

Bedrooms 16

Annual Tax Amount $11,642

Tax Year 2025

Lot Size 0.500 Acres

Property Sub-Type Multiplex

Property Description

Looking for a strong cash-flowing investment that meets the 1% rule? This turnkey 13-unit residential complex delivers immediate income with excellent upside potential as interest rates decline. Sitting on a 1-acre lot, the property includes a newly renovated 3-bedroom detached home and a 12-unit main building that was rezoned in 2022. The main building offers 11 bachelor units and one 1-bedroom unit. Gross rental income is $138,131 with projected expenses (including management, vacancy, and maintenance) estimated at $63,528.94, resulting in a solid net income before financing of $74,602.06 With 7 units already at or near market rent, there is substantial opportunity to grow returns as the remaining tenancies turn over. The property has been well-documented and carefully maintained, with updates and reports that include: new shingles with ice guard (2023), site plan control with building and parking details, water testing and well reports, zoning confirmations, a 2014 fire retrofit, and detailed income/expense statements. The fully renovated 3-bedroom home was restored by professional fire remediation. Package includes occupancy permits and major updates including electrical, gas furnace, framing, and drywall, all completed to current code. Additional highlights include 5 older septic systems in good working order and a drilled well, supported by engineering reports confirming compliance with MOE guidelines. House is vacated Oct 28 and could be vacant for closing although landlord will be actively advertising it for rent.

Location

Province ON

County Nipissing

Community College Heights

Area Nipissing

Zoning RC Sp.22 with SPC

Rooms

Family Room No

Basement None

Kitchen 13

Interior

Interior Features Water Heater, Water Treatment

Cooling None

Inclusions 13 Fridges, 13 Stoves, Coin Operated Washer & Dryer

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 210.0

Lot Depth 210.0

Total Parking Spaces 18

Building

Foundation Slab

Others

Senior Community No

Security Features Smoke Detector

ParcelsYN No

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Filters Reset
Save Snapshot
View Results
MARKET SNAPSHOT
(OCT 15, 2025 - NOV 14, 2025)
  • ?
    Sold Listings
  • ?
    Average Sales Price
  • ?
    Average Days on Market

GET MORE INFORMATION

Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Get JLT - Powered by eXp Realty Brokerage, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4319 Highway 11 N/A N

QUICK SEARCH FOR HOMES