4319 Highway 11 N/A N, North Bay, ON P1B 8G3
North Bay
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 $136,573 with projected expenses (including management, vacancy, and maintenance) estimated at $54,169, resulting in a solid net income before financing of $78,307. With 7 of the 13 units already at or near market rent, there is substantial opportunity to grow returns as the remaining 6 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 contractor. 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.
Walkability, transit, and bike-friendliness for 4319 Highway 11 N/A N, North Bay, ON P1B 8G3
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MLS# X12368090
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Listed Aug 28, 2025
Sold Jun 8, 2026
What comparable homes actually sold for in the last 12 months.
4319 Highway 11 N/A N, North Bay, ON P1B 8G3 is listed for $999,900 CAD.
4319 Highway 11 N/A N, North Bay, ON P1B 8G3 has 16 bedrooms and 13 bathrooms.
4319 Highway 11 N/A N, North Bay, ON P1B 8G3 is a Multiplex.
4319 Highway 11 N/A N, North Bay, ON P1B 8G3 is in North Bay, Ontario.
4319 Highway 11 N/A N, North Bay, ON P1B 8G3 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 4319 Highway 11 N/A N, North Bay, ON P1B 8G3 (MLS# X12368090). You can also send a message through the contact form on this site.
