451 First Avenue
North Bay, ON
5 bed • 2,362 sqft • Investment • 105 days on market
This four Plex multifamily house is an excellent source of investment revenue. All four rentals are filled with solid tenants. There are two 1 bedroom units and two 2 bedroom units. There is parking for four Vehicles. A two car garage is detached in the backyard A 5th unit is utilized by the landlord in the entire basement with separate entrances both at the side and back of the house There is pay per use laundry in the common area lobby. Security and life safety are addressed with key control and camera surveillance in the common area areas and perimeter of the house Smart technology is utilized to manage remotely through automatic door lock, Wi-Fi smoke detector, cameras and light switches. All units are individually needed for Hydro. Closing on this house is flexible. Showings can be arranged once an agreement in principal has been reached in an effort to minimize tenant inconvenience. *For Additional Property Details Click The Brochure Icon Below*
Listing Details
- Taxes (2025)
- $4,591
- Listed
- May 16, 2026
Price History
Property
- Lot Size
- 66 x 154.44 Feet
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- Front Street
- Zoning
- R3
- Parcel Number
- 491640024
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Community
Postal area P1B
- Population
- 33,113
- Private dwellings
- 16,526
- Median age
- 44.4
- Average household size
- 2.1
- Median household income
- $66,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in North Bay · last 12 months
- Median sold price
- $430,500
- Homes sold
- 700
- Median days on market
- 16
- Sale-to-list price
- 99.6%
Based on 700 recorded sales of commercial properties in North Bay over the last 12 months.
Listed by
ICI SOURCE REAL ASSET SERVICES INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 2,362 sq ft
- Price per sq ft
- $285.77
- Annual property tax
- $4,591
- Tax per sq ft
- $1.94
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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