4319 HIGHWAY 11 North, North Bay | Image 1

4319 HIGHWAY 11 North

North Bay

  • Commercial

$X,XXX,XXX
For Sale

Added 6 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: RC Sp.22 with SP

  • Age: No Data

  • Taxes: 11642

  • MLS®#: X10708044

  • Days on Site: 187 Days

  • Added: Jun 07, 2024 (6 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: REALTY EXECUTIVES Local Group Inc. Brokerage

Seller willing to hold a second VTB mortgage to cover your down payment. Want a cash flowing property that meets the 1% rule? What will the property cash flow produce as interest rates decline? Turnkey 13 Unit residential complex sitting on 1 acre consisting of a newly renovated 3-bedroom stand-alone house, and a 12 unit converted motel rezoned in 2022 with 11 bachelor units and 1x1 bedroom unit. Gross rents are $137410 with expense calculation including property management, vacancy and maintenance equaling $58571 giving a net income before mortgage of $78838. This complex has only 7 units close too or at market rent giving the new owner room to lift their investment when the remaining 5 tenants move out. Many supporting docs on including new shingles with ice guard to peak 2023, site plan control showing all buildings parking etc., water testing and well reports, zoning confirmations, fire retrofit 2014 and of course a detailed income and expenses report. 3 Bedroom house just received occupancy permits from city, previous fire remediation and recently renovated. Any touched renovations done to current code including electrical, gas furnace, framing, drywall etc. 4 older septics, drilled well with engineering reports under MOE guidelines.

Property

  • Status: Sale

  • Property Type: Investment

  • Net Income: 78838

  • Area: North Bay

  • Availability Date: Flexible

  • Assessment Amount: $302,000

  • Assessment Year: 2022

Inside

  • Air Conditioning: None

Building

  • Basement: N

  • Heat Type: Forced Air

  • Water Supply: Well

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 18

Fees

  • Tax Year: 2024

  • Tax Legal Description: PCL 2137 SEC WF; PT E 1/2 LT 21 CON 2 WIDDIFIELD AS IN LT46410;

  • Taxes: $11,642

  • Expenses: Act

  • Operating Fees: 58571

Land

  • Cross Street: Hwy 11 North of Nort

  • Municipality District: North Bay

  • Parcel Number: 491270016

  • Sewer: Septic

  • Lot Depth: 210 Acres

  • Lot Frontage: 210 Acres

  • Zoning: RC Sp.22 with SP

Commercial Specific

  • Total Area: 5093

  • Total Area Metric: Sq Ft

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Map of 4319 HIGHWAY 11 North, North Bay
JK-6

Woodland Public School

Elementary: Public
6.81 km
JK-8

St Hubert Separate School

Elementary: Catholic
7.37 km
JK-6

E T Carmichael Public School

Elementary: Public
6.83 km
JK-6

Vincent Massey Public School

Elementary: Public
6.47 km
JK-6

École élémentaire catholique Saints-Anges

Elementary: Catholic
7.25 km
JK-6

École publique Héritage

Elementary: Public
7.26 km
9-12

École secondaire publique Odyssée

Secondary: Public
7.27 km
9-12

West Ferris Secondary School

Secondary: Public
12.74 km
9-12

École secondaire catholique Algonquin

Secondary: Catholic
8.04 km
9-12

Chippewa Secondary School

Secondary: Public
8.91 km
9-12

Widdifield Secondary School

Secondary: Public
6.33 km
9-12

St Joseph-Scollard Hall Secondary School

Secondary: Catholic
7.62 km
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 4319 Hwy 11 North, North Bay | MLS: X7405856
For Sale
11 months ago
$X,XXX,XXX
  • — bath
  • — bed

4319 Hwy 11 North, North Bay, Ontario • P1B 8G3 • North Bay