1 / 20

Investment signal

$329,900

997 HAMMOND STREET

Save this home

Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

Text Hasan Open map Ask a question

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

INVESTOR ALERT - Exceptional 12.57% CAP Rate on a Prime Corner Lot! This massive 2,139 sq. ft. triplex offers a significant cash-flow opportunity in central North Bay. The property is uniquely configured with a rear 2-bedroom, 1-bathroom bungalow-style unit occupied by a stable, 7-year tenant, providing immediate guaranteed income. The front of the building consists of two spacious 2-storey units, each featuring 2 bedrooms and 1 bathroom. These front units are delivered vacant, offering a prime opportunity for an investor to refresh the spaces to their own standards and set current market rents to maximize ROI. Situated on a prominent corner lot at the end of a quiet street, the property features impressive vaulted ceilings that create a high-end feel. This powerhouse addition to any portfolio includes a detached garage and ample parking for 5 vehicles. Some Photos Virtually Augmented. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: Central
Lot dimensions: 40 x 100 FT
Bedrooms: 6 above grade
Parking: 5 total
Stories: 2
On market: Mar 3, 2026
Status changed: Apr 22, 2026
Annual tax: $2,663 (2025)
Zoning: Residential 3rd Density - Triplex
Photos: 20
MLS#: X12839348
Area: NORTH_BAY_(CENTRAL)

Features and systems

Parking

Detached GarageGarage

Basement

Crawl space

Appliances

RefrigeratorStove

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Foundation

Stone

Lot

Cul-de-sacFlat site

Positive cash flow ~$1,154/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

20.99%

Cap rate

9.06%

GRM

8.3

Break-even rent

$2,085

Financing

Down payment$65,980

Loan amount$263,920

Mortgage$1,337/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$151

Insurance$80

Maintenance$275

CapEx reserve$137

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.

Mortgage estimate

Estimated $1,337/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 22, 2026.