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$ 1,325,000
Est. payment | /mo
9,660 SqFt
$ 1,325,000
Est. payment | /mo
9,660 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 9,660 sqft
Price per Sqft $137
MLS Listing ID X10429177
Annual Tax Amount $19,602
Tax Year 2024
Property Description
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.
Location
Province ON
County Nipissing
Area Nipissing
Zoning C2
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 132.0
Others
Security Features Yes
Listed by EXP REALTY
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