+ 24 photosFor Sale · Fourplex
196 E Second Avenue E, North Bay, ON P1B 1L2
North Bay · Central
25 days on market
● SOLD CONDITIONAL
8
Beds
4
Baths
4
Parking
2000-2500
Sq ft
—
Built
The honest picture
$989,900 list price. Neighbourhood benchmark for this home type is being prepared.
About this home
- 4-plex with 8 bedrooms and 4 bathrooms across 4 units (Unit 1: 2 BR/1 BA; Unit 2: 2 BR/1 BA; Unit 3: 3 BR/1 BA; Unit 4: 1 BR/1 BA)
- Completely rebuilt with new interior framing, electrical, heating, plumbing, drywall, flooring, bathrooms, kitchens, and HRV; occupancy permit issued August 2026
- New refrigerator and stove in all 4 units
- 4 parking spots and tool shed on property
- 5 separate hydro meters; tenants pay own hydro except for mechanical room and laundry room
- Projected NOI $76,660 annually at 7.75% cap rate
- Minor variations exist between actual construction and original plans
Key points summarised from the listing description.
Property details
Listed on
August 21, 2026
Days on market
25 days
Property tax
$3,222.45 (2026)
Lot
38 × 85 Feet
Style
2-Storey
Heating
Radiant
MLS®
X13701478
Full details
Parking
GarageNone
Driveway4
Total parking4
Parking featuresAvailable, Front Yard Parking
Room dimensions
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Bedroom | Second | 0.1 × 0.1 Meters | — |
| Bedroom 2 | Second | 0.1 × 0.1 Meters | — |
| Bedroom | Main | 0.1 × 0.1 Meters | — |
| Bedroom 2 | Main | 0.1 × 0.1 Meters | — |
| Bedroom 3 | Main | 0.1 × 0.1 Meters | — |
| Bedroom | Basement | 0.1 × 0.1 Meters | — |
| Bedroom 2 | Basement | 0.1 × 0.1 Meters | — |
| Bedroom 3 | Basement | 0.1 × 0.1 Meters | — |
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| August 21, 2026 | — | $989,900 | For Sale | X13701478 |
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Run the numbers
True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
This price requires at least 7.5% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$16,273
Legal · title · inspection$2,800
Closing costs$19,073
Down payment$197,980
Total cash to close$217,053
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
