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Investment signal

$370,000

119 BYNG AVENUE

Beds

8

Baths

5.1

Sqft

Year

Location

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Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Looking for a solid investment opportunity? This well-maintained 2-storey 4-unit apartment building is located in a quiet, low-traffic area, just minutes from schools, hospital, and the amenities of the Kapuskasing circle-making it an ideal location for tenants.This property has been carefully maintained over the years and features long-term tenants already in place. The front unit spans all three levels and offers a spacious layout with 3 bedrooms and a full bathroom on the second level, a kitchen with dining area and living room on the main level, along with a basement that includes laundry storage space.A side entrance provides access to the second unit on the main level, featuring 2 bedrooms. At the back of the building, one entrance leads upstairs to the third unit, also offering 2 bedrooms, while another entrance leads to the basement where you'll find the fourth unit with 1 bedroom and its own laundry area. The basement also includes an additional shared laundry room for units 2 and 3, along with a mechanical room.Outside, the property offers ample parking for tenants and a convenient storage shed divided into 4 separate sections-one for each unit.Key updates include exterior siding (2023), tenant storage shed (2025), roof shingles (2018), and two hot water tanks (2018 & 2016). The building is heated with a gas boiler and features 4 separate electrical meter breaker panels.A turnkey multi-unit property in a great location-this is one you won't want to miss. Book your viewing today! (id:65958)

Subtype
Multi-family
Structure
Fourplex
Community
Kapuskasing
Lot dimensions
75 FT
Bedrooms
7 above grade, 1 below grade
Parking
8 total
Stories
2
On market
Apr 17, 2026
Status changed
Apr 19, 2026
Annual tax
$2,743
Zoning
R3
Photos
22
MLS#
T13014306
Area
KAPUSKASING

Features and systems

Parking

No Garage

Basement

Full

Appliances

WasherRefrigeratorStoveDryer

Cooling

None

Exterior

Vinyl siding

Foundation

Concrete

Lot

Cul-de-sacIrregular lot size

Utilities

SewerElectricityCable
Positive cash flow ~$923/mo at these assumptions

Cash on cash

14.97%

Cap rate

7.86%

GRM

9.3

Break-even rent

$2,328

Financing

Down payment$74,000
Loan amount$296,000
Mortgage$1,500/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$170
Insurance$80
Maintenance$308
CapEx reserve$154
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kapuskasing. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,500/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.

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