525 High Street
Looking for a lucrative investment opportunity?
Situated on a sprawling 183 x 153 ft lot,
this property boasts ample space for tenants
to live comfortably, while also providing
a wealth of potential for savvy investors
to increase profits over time.
Featuring 5 spacious 2-bedroom units,
1 bachelor unit, and a 3-bedroom unit
with the opportunity to pick tenants for two apartments.
5 x 2 Bedroom Units
2 Bedroom Unit - Bedroom
2 Bedroom Unit - Modernized kitchen/painted
2 Bedroom Unit - Living Room
1 Bachelor Unit & Newly Renovated 3 Bedroom Unit
3 Bedroom Unit - Newly modernized kitchen
3 Bedroom Unit - Living Room
3 Bedroom Unit - Living Room and view of entry to kitchen and two of the bedrooms
The Details
This property offers a variety of housing options to suit any tenants needs. Each unit is equipped with its own hot water tank rental and tenants are responsible for paying their own hydro & tank rentals, ensuring a consistent stream of income for the discerning investor.
Brand new fire escape
This property also includes the added convenience of 10 parking spaces for tenants.
THE NUMBERS
VTB IS POSSIBLE WITH AGREED UPON TERMS
Gross Income
$114,060
Net Operating Income
$68,951
7.18% CAP RATE
Team Burman
*Not intended to solicit those currently working with a Realtor®
Each office independently owned & operated.
Realty Executives Office
325 Main Street West
North Bay, ON P1B 2T9
705-477-4442
Connect@TeamBurman.com
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