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.
Address
745 Morin Street
List Price
$1,110,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Transaction Type
Sale
Area
North Bay
Sub-Area
Central
Region
Nipissing
Bedrooms
6 + 2
Bedrooms (Total)
8
Rooms Above Grade
12
Rooms Below Grade
6
Bathrooms
3
Floor Area
2500-3000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
125
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
50
Parcel Number
491560320
Occupant Type
Tenant
Cross Street
High St
Approx. Age
51 - 99 Years
MLS® Number
X13501156
Listing Brokerage
Royal LePage Northern Life Realty, Brokerage
Basement Area
Finished, Full
Postal Code
P1B 5S1
Posession Details
flexible
Parking
Private
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$5,221.00
Tax Year
2025
Site Influences
Deck, Year Round Living
Exterior Features
Year Round Living, Deck
Interior Features
Floor Drain, Separate Hydro Meter, Water Meter
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
North Bay and Area REALTORS Association
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PCL 383 SEC WF; LT 114 PL M28 WIDDIFIELD; NORTH BAY ; DISTRICT OF NIPISSING
Security Features
Smoke Detector, Carbon Monoxide Detectors
Waterfront
No
Sewer
Sewer
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