2060-2084 Cassells Street, North Bay | Image 1

2060-2084 Cassells Street

North Bay, Central

  • Commercial

$XXX,XXX
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: C4

  • Age: No Data

  • Taxes: 11376

  • MLS®#: X12001469

  • Days on Site: 2 Days

  • Added: Mar 05, 2025 (1 month ago)

  • Updated:

  • Last Checked: 1 month ago

  • Listed By: Royal LePage Northern Life Realty, Brokerage

Attention investors! Legal 7 unit apartment building consisting of 3-2 bedroom 3-1 bedroom and 1 bachelor apartment, all rented out with market rents and tenants pay their own heat and hydro. This well maintained property currently generates $109,080 in gross income translating to $83,863 in net operating income. Offered for sale at an impressive 8.6% rate of return. This property is centrally located, has had many upgrades and improvements and is ready for new management. This is a property any savvy investor would love to own.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 83863

  • Area: North Bay

  • Community: Central

  • Availability Date: TBD

  • Assessment Amount: $350,000

  • Assessment Year: 2025

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Baseboard

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 7

Fees

  • Tax Year: 2025

  • Tax Legal Description: PCL 2927 SEC WF; FIRSTLY, LT 4 PL M102 WIDDIFIELD; SLY 12 FT LT

  • Taxes: $11,376

  • Expenses: Act

  • Insurance Fee: 4721

  • Operating Fees: 25217

  • Hydro Expense: 2700

  • Heat Expenses: 2400

  • Other Expenses: 1017

  • Taxes Type: Annual

  • Taxes: 11376

  • Water Fees: 3000

Land

  • Cross Street: Hwy 11 & Cassells St

  • Municipality District: North Bay

  • Parcel Number: 491470172

  • Sewer: San+Storm

  • Lot Depth: 16.01 Feet

  • Lot Frontage: 155.91 Feet

  • Zoning: C4

Commercial Specific

  • Sprinklers: N

  • Total Area: 0.14

  • Total Area Metric: Acres

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Financial Statement: Y

  • Gross Income/Sales: 109080

Map of 2060-2084 Cassells Street, North Bay
JK-6

École séparée Saint-Vincent

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E T Carmichael Public School

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St Joseph-Scollard Hall Secondary School

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