26 Plumtree Place, North Bay, ON P1A 3Y5

Property Description

Well-maintained fourplex offering four spacious townhouse-style units, each approximately 1,440 sq. ft. and featuring 3 bedrooms, including a large primary bedroom with cheater ensuite. The units offer an abundance of living space and functional layouts, along with walk-out basements and convenient in-unit laundry. Each unit also has its own semi-private yard space and two designated parking spaces. Built in 2016 by Jeff Staples, this property is situated on a quiet cul-de-sac in a desirable neighbourhood, with shopping, restaurants, parks, beaches, and public transit all nearby. The property sits on a good-sized lot with an irregular shape, providing a nice balance of outdoor space and privacy. All four units are separately metered, with tenants responsible for hydro, natural gas, and water, resulting in very low operating costs for the owner. The current cap rate also offers meaningful upside, with the potential to improve returns significantly as units turn over and rents are adjusted to current market levels. This would also make an excellent owner-occupied investment, allowing a buyer to live comfortably in one spacious unit while collecting rental income from the other three. A great opportunity to build long-term wealth while enjoying the benefits and comfort of living in a newer, well-designed home.A strong opportunity for an investor looking for a newer, spacious fourplex in a convenient location with excellent long-term rental appeal and room to increase the property's income potential over time.