860 Worthington Street E, North Bay
Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating on the main floor, gas forced air on the second floor, and in-suite laundry hookups, this property generates over $90,000 in gross annual income. Three units currently rent for $1,950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request. (id:1945)
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Property details for 860 Worthington Street E, North Bay
- Type
- Multi-family
- Bedrooms
- 8
- Bathrooms
- 4
- Lot Size
- 60 x 132 FT
- Stories
- 2
- Basement
- None
- Parking
- No Garage
- Heating
- Radiant heat, Forced air, Natural gas
- Cooling
- Window air conditioner, Air exchanger
- Exterior
- Vinyl siding
- Annual Taxes
- $9,378 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 860 Worthington Street E
Active Listings
1
Min Price
$950,000
Max Price
$950,000
Avg Price
$950,000
Days on Market
2
days
Sold Listings
1
Min Sold Price
$989,900
Max Sold Price
$989,900
Avg Sold Price
$989,900
Days until Sold
43
days
Neighbourhood Census Data
North Bay, Ontario
Population
449
Median Age
35.4
Median Income
$26,544
Dwelling Value
$178,545
Housing Tenure
Owners 54%
Renters 46%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 1,429.5/km²
Avg Shelter Cost: $1,021/mo
Owners with Mortgage: 75%
Owners Spending 30%+: 35%
Tenants Spending 30%+: 41.2%
English only: 75.6%
English and French: 25.6%
Median Household Income: $51,328
Median Employment Income: $24,864
Price History
Listed
October 21, 2026
by REALTY EXECUTIVES Local Group Inc. Brokerage
Current Price
$950,000
Type
Multi-family
For Sale
