Added 1 month ago
-
Type: Store W/Apt/Office
-
Property Type: Commercial
-
Zoning: C2
-
Age: No Data
-
Taxes: 10804.02
-
MLS®#: X12016587
-
Days on Site: 1 Days
-
Added: Mar 13, 2025 (1 month ago)
-
Updated:
-
Last Checked: 4 weeks ago
-
Listed By: Royal LePage Northern Life Realty, Brokerage
Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio.
Property
Status: Sale
Property Type: Store W/Apt/Office
Property Type: Store With Apt/Office
Net Income: 54374
Area: North Bay
Community: Central
Availability Date: Flexible
Assessment Year: 2024
Inside
Bathrooms: 4
Air Conditioning: Y
Washrooms: 4
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PT LT 89 PL 10 WIDDIFIELD AS IN NB160339, T/W NB160339, NORTH BA
Taxes: $10,804
Expenses: Act
Insurance Fee: 2905
Operating Fees: 22244
Hydro Expense: 3291
Heat Expenses: 2123
Other Expenses: 624
Taxes Type: Annual
Taxes: 10804
Tax Year: 2024
Water Fees: 1997
Land
Cross Street: Between McIntyre & M
Municipality District: North Bay
Parcel Number: 491650287
Lot Depth: 34.75 Feet
Lot Frontage: 58.08 Feet
Zoning: C2
Commercial Specific
Retail Area: 500
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 3000
Total Area Metric: Sq Ft
Office Size: 1000
Office Size Metric: Sq Ft
Days Open: V
Franchise: N
Tangible Property Included: Y
Lot Code: Lot
Financial Statement: Y
Gross Income/Sales: 76620
Very Walkable
- Most errands can be accomplished on foot.
Biker's Paradise
- Daily errands do not require a car.
Mother St Bride School
Elementary: CatholicÉcole séparée Saint-Vincent
Elementary: CatholicÉcole secondaire catholique Algonquin
Elementary: CatholicSt Hubert Separate School
Elementary: CatholicSt. Luke Separate School
Elementary: CatholicAlliance French Immersion Public School
Elementary: PublicÉcole secondaire publique Odyssée
Secondary: PublicWest Ferris Secondary School
Secondary: PublicÉcole secondaire catholique Algonquin
Secondary: CatholicChippewa Secondary School
Secondary: PublicWiddifield Secondary School
Secondary: PublicSt Joseph-Scollard Hall Secondary School
Secondary: Catholic-
Northern Tikes Indoor Playground & Party Centre
210 Main St E (Wyld Street), North Bay ON P1B 1B1 0.03km -
Lake Nipissing Waterfront
North Bay ON 0.89km -
Kiwanis Playground
1.05km
-
HODL Bitcoin ATM - Downtown Variety
180 Main St E, North Bay ON P1B 1A8 0.06km -
TD Bank Financial Group
240 Main St E, North Bay ON P1B 1B1 0.06km -
TD Canada Trust ATM
240 Main St E, North Bay ON P1B 1B1 0.06km
