4319 N Highway 11 North Bay (College Heights), Ontario P1B8G3, North Bay (College Heights) , P1B8G3
Listing ID: X12368090
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$999,900
Price
16
Bed
13
Bath
3,500
Sq. Ft.
Data last updated: December 13, 2025 at 12:52pm
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Property Description

Looking for a strong cash-flowing investment that meets the 1% rule? This turnkey 13-unit residential complex delivers immediate income with excellent upside potential as interest rates decline. Sitting on a 1-acre lot, the property includes a newly renovated 3-bedroom detached home and a 12-unit main building that was rezoned in 2022. The main building offers 11 bachelor units and one 1-bedroom unit. Gross rental income is $138,131 with projected expenses (including management, vacancy, and maintenance) estimated at $63,528.94, resulting in a solid net income before financing of $74,602.06 With 7 units already at or near market rent, there is substantial opportunity to grow returns as the remaining tenancies turn over. The property has been well-documented and carefully maintained, with updates and reports that include: new shingles with ice guard (2023), site plan control with building and parking details, water testing and well reports, zoning confirmations, a 2014 fire retrofit, and detailed income/expense statements. The fully renovated 3-bedroom home was restored by professional fire remediation. Package includes occupancy permits and major updates including electrical, gas furnace, framing, and drywall, all completed to current code. Additional highlights include 5 older septic systems in good working order and a drilled well, supported by engineering reports confirming compliance with MOE guidelines. House was vacated as of Oct 28th and could be vacant for closing although landlord will be actively advertising it for rent. (id:26452)

Other located at 4319 N Highway 11 North Bay (College Heights), Ontario P1B8G3. It has 16 beds, 13 bathrooms, and is 3500 square feet. 4319 N Highway 11 North Bay (College Heights), Ontario P1B8G3 is in the College Heights neighborhood.
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Agent Contact: MIKE BURMAN Phone: +17054774442
Listing Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage
Source: crea , MLS#: X12368090 Agent Contact: JOSEE LAPERLE Phone: +17054771045
Listing Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage
Source: crea , MLS#: X12368090

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MB
MIKE BURMAN
(705) 477-4442

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MIKE BURMAN
(705) 477-4442
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$3,703.37
Monthly
$878,400
Total Mortgage
$219,600
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