2400 Trout Lake Rd

Discover a Triplex ideally situated in the central area in the Trout Lake area of North Bay. VTB 20% 2nd available at 7.5% interest only payments upto 3 year term. Impressive Gross Income: $67800 with a 7.6% CAP rate. 8 Expense categories including Property management, vacancy and maintenance equals $18,750.60 and a net income of $49049.40. Enjoy the turn key benefits of modernized living spaces. Currently housing 2 vacant units (2- 2Bed units) and 1 leased unit (1-bed loft). plus the rented garage on a 1 year lease Solid brick construction ensures lasting quality. Convenience is key, with amenities within walking distance. Abundant parking space for tenants and guests. Beautifully landscaped outdoor areas enhance tenant experience. This opportunity is not to be overlooked. Potential to live in one unit and have most of your expenses covered. Get in touch now to seize this potential! (id:22211)