$1,110,000
Est. payment $4,915/moCalculate yours
745 Morin Street, North Bay, ON P1B 5S1
Central, North Bay, ON P1B 5S1
- 6 + 2 Beds
- 3 Baths
- 2,500 Sq Ft
Listing courtesy of Royal LePage Northern Life Realty, Brokerage MLS® X13501156
About this home
Pride of ownership is evident throughout this meticulously maintained purpose-built triplex, offering investors a true turnkey opportunity with strong, reliable returns. Extensively updated over the years, this high-performing income property features two spacious 3-bedroom units and one 2-bedroom unit, along with shared coin-operated laundry that provides additional income. The building is fully occupied and has been operated as a non-smoking, pet-free property. With an excellent unit mix, on-site parking, private balconies, tenant storage, separate hydro meters, and minimal maintenance requirements, this property is well-positioned for continued long-term success. Currently generating approximately $86,400 in gross annual income and an estimated net operating income of $58,149 it , represents a solid addition to any investment portfolio. Detailed income and expense information are available to qualified buyers upon request. Roof has recently been re-shingled 2026.
Property details
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 2,500 sqft
Interior
- Bedrooms
- 6 + 2
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Finished, Full
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 125 Feet
- Parking
- None garage · 4 total
- Zoning
- R2
Financial
- Property Taxes
- $5,221 (2025)
Location
- Neighbourhood
- Central
- Cross Street
- High St
- Direction Faces
- West
Listing
- MLS® Number
- X13501156
- Days on Market
- 111
- Listed On
- 2026-06-29
- Possession
- flexible
- Listed By
- Royal LePage Northern Life Realty, Brokerage
Features
Interior
- Floor Drain
- Separate Hydro Meter
- Water Meter
Pool
- None
- Included
- 3 x Fridge, 3 x Stoves, 1 coin operated washer and dryer
- Excluded
- tenants personal belongings
- Rental items
- Hot water tank
Mortgage calculator
Estimated mortgage payment
$4,915 per month
- Principal and interest
- $4,915
- Property tax
- $435
- Condo fees
- $0
- Estimated monthly cost
- $5,350
Your mortgage
- Mortgage amount
- $888,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $586,452
Cash to close
- Down payment
- $222,000
- Land transfer tax
- $18,675
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $240,675
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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