Added 4 hours ago
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Type: Store W/Apt/Office
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Style: 2-Storey
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Lot Size: 58.08 x 34.75 Acres
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Age: No Data
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Taxes: $10,804 per year
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Added: Mar 13, 2025 (4 hours ago)
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Updated:
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Last Checked: 4 hours ago
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MLS®#: X12016575
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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.
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Property
Status: Sale
Property Type: Store W/Apt/Office
Style: 2-Storey
Area: North Bay
Community: Central
Availability Date: Flexible
Inside
Bedrooms: 4
Bathrooms: 5
Kitchens: 2
Rooms: 6
Den/Family Room: No
Air Conditioning: Central Air
Fireplace: No
Laundry Level: Upper
Central Vacuum: N
Washrooms: 5
Building
Basement: Sep Entrance
Basement 2: Unfinished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Alum Siding
UFFI: No
Water Supply: Municipal
Special Designation: Unknown
Parking
Garage Type: None
Fees
Tax Year: 2025
Tax Legal Description: PT LT 89 PL 10 WIDDIFIELD AS IN NB160339, T/W NB160339; NORTH BA
Taxes: $10,804
Land
Cross Street: Between McIntyre & M
Municipality District: North Bay
Fronting On: South
Parcel Number: 491650287
Pool: None
Sewer: Sewers
Lot Depth: 34.75 Acres
Lot Frontage: 58.08 Acres
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-
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