62 Lakeshore Drive, North Bay MLS Number: 40637984

Discover an exceptional investment opportunity with this robust two-story commercial building, strategicallylocated within walking distance of amenities and Lake Nipissing, additionally, it offers easy access to publictransportation. This property combines a long-term commercial tenant on the main floor with three newlyrenovated, one-bedroom apartments on the upper floor, offering stable and impressive returns. Thecommercial space of 2,192 square feet and is leased to an established, long-time tenant on a new 2-yearlease, with multiple parking spots available in the side parking lot. The residential units consist of three newlyupdated one-bedroom apartments, each signed to a 1-year lease and fully occupied, with designated parkingspots located at the rear of the building. Financially, this property supports a 7.44% cap rate generating a gross annual income of over $76,000, providing consistent rental income from the commercial lease and secure, year-long agreementsensuring steady cash flow from the residential leases. Don’t miss out on this chance to secure a lucrativeaddition to your investment portfolio.