447 Main Street E North Bay, Ontario P1B 1B6
$1,325,000
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. (id:50886)
Property Details
| MLS® Number | 40676155 |
| Property Type | Office |
| AmenitiesNearBy | Public Transit |
Building
| BasementType | Full |
| StoriesTotal | 2 |
| SizeExterior | 9660.0000 |
| SizeInterior | 9660 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 131 Ft |
| SizeFrontage | 39 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C2 |
https://www.realtor.ca/real-estate/27648880/447-main-street-e-north-bay
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Daryl Babineau
Salesperson
49 High Street Unit: 3rd Floor
Barrie, Ontario L4N 5J4
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November 14 2024 04:09:32
Barrie & District Association of REALTORS® Inc.
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