447 Main St, North Bay MLS Number: X10429177
North Bay, Nipissing, ON, P1B 1B6$1,325,000
Status: For Sale
- Property Type: Commercial (Commercial)
- Property Taxes : $19602.82 (Tax Year:2024)
- Listing Courtesy : Exp Realty
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$1,325,000
Status: For Sale
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.
Property Type | :Commercial |
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MLS Number | :X10429177 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :18 Nov, 2024 (4 Days ago) |
Source | :TRREB |
Area | :Nipissing |
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Postal Code | : P1B 1B6 |
Price | : $1,325,000 |
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Property Taxes | :$19602.82 |
Tax Year | :2024 |
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Cross Street | :On Main between Fisher Street and Regina |
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18 Nov, 2024
TREB #X10429177
Available
$1325000.0