$1,325,000
( $137.16Per Sq Foot )
$7,113 forsale estimated payment Sourced by Back At You447 Main Street E , North Bay, ON P1B 1B6
North Bay, ON P1B 1B6
Description
This income-generating property on the east side of Downtown North Bay features ten updated residential units (nine 1-bed and one 2-bed) with secure entry and shared laundry. The commercial unit, currently leased to a local antique shop, provides stable rental income on a 3-year term. The property generates $176,596.00 annually, with additional value-add potential through further unit improvements. Documentation includes a 2017 fire inspection, recent survey, updated rent roll, and financials for 2024. Constructed with concrete block walls, steel beams, hot water heating, and a membrane roof. This is a strong investment in a convenient North Bay location.
Details
| Mls | 40676155 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active Under Contract |
| Days On Site | 24 |
| Listing Provided By | EXP Realty Brokerage | Daryl Babineau |
Features
| Sq Feet | 9,660 |
|---|---|
| Basement | Y |
| Storys | 2 |
| Zoning | C2 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Nipissing |
| City | North Bay |
| Zip Code | P1B 1B6 |
| Area | North Bay |
| Subarea | Central |
| Community Name | Central |
| Listing VS Median (in Central) | |
Price: $1,325,000 low | high Med: $17 SqFt: 9,660 low | high Med: 613 $ / SqFt: $137 low | high Med: $0 On Site: 24 low | high Med: 599.000000 | |
Listing Updated: November 29, 2024 at 5:53:14 PM PST