447 Main Street, North Bay | Image 1

447 Main Street

North Bay

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Retail Store Related

  • Zoning: C2

  • Age: No Data

  • Taxes: 19602.82

  • MLS®#: X10429177

  • Days on Site: 17 Days

  • Added: Nov 12, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: EXP REALTY

This income-generating property on the east side of Downtown North Bay features ten updated residential units (nine 1-bed and one 2-bed) with secure entry and shared laundry. The commercial unit, currently leased to a local antique shop, provides stable rental income on a 3-year term. The property generates $176,596.00 annually, with additional value-add potential through further unit improvements. Documentation includes a 2017 fire inspection, recent survey, updated rent roll, and financials for 2024. Constructed with concrete block walls, steel beams, hot water heating, and a membrane roof. This is a strong investment in a convenient North Bay location.

Property

  • Status: Sale

  • Type: Retail Store Related

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Area: North Bay

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Hot Water

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 38 PL 10 WIDDIFIELD AS IN NB123909; S/T & T/W NB123909; NO

  • Taxes: $19,603

  • Taxes Type: Annual

Land

  • Cross Street: On Main between Fish

  • Municipality District: North Bay

  • Parcel Number: 491660135

  • Lot Depth: 132 Feet

  • Lot Frontage: 33 Feet

  • Zoning: C2

Commercial Specific

  • Retail Area: 4000

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 9660

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 447 Main Street, North Bay
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