$875,000
272 FIRST AVENUE W
Beds
6
Baths
4
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for North Bay (Central). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Legal Fourplex! If turnkey is what you are looking for then this investment property is for you. This building went through a full office building conversion to 4 residential units completed August 2023. The renovation list is long including all new wiring and 5 panels, flooring, kitchens, led lighting, bathrooms, plumbing, hot water heat, boiler (2026), attic insulation R60 with removal of vermiculite, trim, casings, doors, coin laundry and more. All building permits are closed, esa letters on all 5 panels, income and expenses as well as renovation and floor plans available. Previous owner added rear addition which is now part of unit 4 with in floor heat and 22 ft ceilings as well as shingles in 2018. Unit 1 is a four level 2 bedroom unit with access to a small fenced in backyard shared with unit 4. Unit 2 is a 2 level unit with 1 bedroom and AC at the front of the building, Unit 3 is a 1 bedroom unit off the common hallway. Unit 4 also has access to the small rear fenced in area, is a 2 level unit and the 2 bedrooms have 22 ft ceilings making this a very unique unit. Gross income $84,720 with Expenses including heat, house meter, insurance, water/sewer, maintenance, management and vacancy $27,861, leaving a Net income of $56,859 before mortgage. Ask your Realtor for supporting documentation. All photos are pre tenant move ins. Bonus: No Rent control on any of the units and all rents are plus hydro. (id:65958)
- Subtype
- Multi-family
- Structure
- Fourplex
- Community
- Central
- Lot dimensions
- 36 x 132 FT
- Bedrooms
- 6 above grade
- Parking
- 2 total
- Stories
- 1.5
- On market
- Apr 27, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $8,954
- Zoning
- C2
- Photos
- 47
- MLS#
- X13046998
- Area
- NORTH_BAY_(CENTRAL)
Features and systems
Parking
Basement
Appliances
Cooling
Exterior
Foundation
Community
Utilities
Security
Cash on cash
-6.62%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,391
Financing
Operating expenses (monthly)
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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.