14 Milford Crescent North Bay (Ferris), Ontario P1A 1M3
$3,495,000
Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in. (id:45725)
Property Details
| MLS® Number | X14101536 |
| Property Type | Multi-family |
| Community Name | Ferris |
| Amenities Near By | Beach, Public Transit, Schools, Park |
| Community Features | Community Centre, School Bus |
| Equipment Type | Furnace |
| Parking Space Total | 13 |
| Rental Equipment Type | Furnace |
Building
| Bathroom Total | 12 |
| Bedrooms Above Ground | 23 |
| Bedrooms Total | 23 |
| Appliances | Water Heater, Two Stoves, Two Refrigerators |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Brick, Steel |
| Fire Protection | Controlled Entry |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Stories Total | 3 |
| Size Interior | 5000 - 100000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Beach, Public Transit, Schools, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 125 Ft |
| Size Frontage | 123 Ft |
| Size Irregular | 123 X 125 Ft |
| Size Total Text | 123 X 125 Ft |
| Zoning Description | Rm3 |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30426906/14-milford-crescent-north-bay-ferris-ferris
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North Bay Real Estate Board
Realty Executives Local Group Inc. Brokerage
October 21 2026 02:26:58
