26 Spring Street West Nipissing, Ontario P2B 3G7
$679,900
Well-Maintained Legal 4-Plex with nice updates! This property features four spacious 2-bedroom units, each separately metered for hydro. Every unit offers the convenience of in-suite laundry and comes with dedicated parking spaces. With reliable tenants in place and low-maintenance utilities, this is an excellent opportunity to expand your investment portfolio with a solid, income-generating property. Gross income $77619.36, Net Income before mortgage ( expenses: tax,gas,hydro,vacancy, maintenance, management, water, insurance) is $54,709 leaving a solid 8.05% Cap rate (id:49203)
Property Details
| MLS® Number | X12966500 |
| Property Type | Multi-family |
| Community Name | Sturgeon Falls |
| Amenities Near By | Golf Nearby, Hospital, Schools, Public Transit |
| Community Features | Community Centre, School Bus |
| Equipment Type | None |
| Parking Space Total | 8 |
| Rental Equipment Type | None |
| Structure | Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Schools, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 88 Ft |
| Size Irregular | 88 X 132 Ft |
| Size Total Text | 88 X 132 Ft |
| Zoning Description | R2 |
Utilities
| Electricity | Installed |
| Sewer | Installed |
Contact Us
Contact us for more information
Mike Burman
Broker of Record
teamburman.com/
www.facebook.com/TeamBurman/
325 Main Street, West
North Bay, Ontario P1B 2T9
(705) 478-8588
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April 07 2026 06:37:05
North Bay and Area REALTORS® Association
Realty Executives Local Group Inc. Brokerage