14 Milford CrescentNorth Bay, Nipissing, ON, P1A 1M3
14 Milford CrescentNorth Bay, Nipissing, ON, P1A 1M3
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Buy/sell history for 14 Milford Crescent, North Bay, ON P1A 1M3
| Date Start | Date End | Event | Price | MLS# |
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Current valuation for 14 Milford Crescent, North Bay, ON P1A 1M3. Listed for $3,495,000 on 2026-11-02
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Description
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.
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$3,495,000
List price