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Listed by Daryl Babineau • EXP Realty Brokerage
$1,325,000
Est. payment /mo
9,660 SqFt
Active
447 Main Street E North Bay, ON P1B 1B6
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UPDATED:
12/05/2024 06:50 AM
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 9,660 sqft
Price per Sqft $137
MLS Listing ID 40676155
Abv Grd Liv Area 9,660
Originating Board Barrie
Annual Tax Amount $19,602
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 North Bay
Zoning C2
Direction On Main between Fisher Street and Regina
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 38.9
Lot Depth 131.0
Garage No
Building
Lot Description Business Centre, City Lot, Public Transit
Faces On Main between Fisher Street and Regina
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 491660135
Ownership Freehold/None
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