14 Milford Crescent, North Bay
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. (id:1945)
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Property details for 14 Milford Crescent, North Bay
- Type
- Multi-family
- Bedrooms
- 23
- Bathrooms
- 12
- Lot Size
- 123 x 125 FT
- Stories
- 3
- Basement
- None
- Parking
- No Garage
- Heating
- Natural gas
- Cooling
- None
- Exterior
- Steel, Brick
- Annual Taxes
- $28,800 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 14 Milford Crescent
Active Listings
1
Min Price
$3,495,000
Max Price
$3,495,000
Avg Price
$3,495,000
Days on Market
2
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
North Bay, Ontario
Population
412
Median Age
39.1
Median Income
$30,421
Dwelling Value
$200,511
Housing Tenure
Owners 60%
Renters 43%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 1,978.9/km²
Avg Shelter Cost: $1,010/mo
Owners with Mortgage: 58.3%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 68.8%
English only: 79.5%
English and French: 20.5%
Median Household Income: $54,912
Median Employment Income: $29,888
Price History
Listed
October 21, 2026
by REALTY EXECUTIVES Local Group Inc. Brokerage
Current Price
$3,495,000
Type
Multi-family
For Sale
