245 Mattawa Street, North Bay | Image 1

245 Mattawa Street

North Bay, West End

  • Commercial

$X,XXX,XXX
For Sale

Added 1 day ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: M2

  • Age: 51-99 years

  • Taxes: 15533

  • MLS®#: X11917902

  • Added: Jan 10, 2025 (1 day ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: REALTY EXECUTIVES Local Group Inc. Brokerage

Turnkey Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades such as ESA report 2019, fire retrofit inspection 2019, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 2 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building.

Property

  • Status: Sale

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Age: 51-99

  • Net Income: 168594

  • Area: North Bay

  • Community: West End

  • Availability Date: Flexible

  • Assessment Amount: $547,000

  • Assessment Year: 2025

Building

  • Basement: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Attached

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 26, 37 PL 15 WIDDIFIELD AS IN NB155014; NORTH BAY ; DISTRI

  • Taxes: $15,533

  • Expenses: Act

  • Management Expense: 12042

  • Insurance Fee: 6021

  • Operating Fees: 58889

  • Hydro Expense: 961

  • Heat Expenses: 11751

Land

  • Cross Street: Take Main Street Wes

  • Municipality District: North Bay

  • Parcel Number: 491610196

  • Sewer: Sewers

  • Lot Depth: 37 Feet

  • Lot Frontage: 164.37 Feet

  • Zoning: M2

Commercial Specific

  • Total Area: 8950

  • Total Area Metric: Sq Ft

  • Industrial Area Size: 4475

  • Office Size: 4475

  • Area Influence: Public Transit

Map of 245 Mattawa Street, North Bay
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