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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 Sale |
|---|---|
| MLS Number | :40676155 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :14 Nov, 2024 (4 Days ago) |
| Source | :Barrie |
| Area | :Nipissing |
|---|---|
| City | :North Bay |
| Area Major | :North Bay |
| Area Minor | :Central |
| Postal Code | :
P1B 1B6
|
| Directions | :On Main between Fisher Street and Regina |
| Price | : $1,325,000 |
|---|---|
| Property Taxes | :$19602.82 |
| Tax Year | :2024 |
|---|
| Place of Worship | :No |
|---|
| Approx Square Footage | :9660 sqft |
|---|
14 Nov, 2024
TREB #40676155
Listed
$1325000
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