245 Mattawa Street North Bay, Ontario P1B 4M2
$1,500,000
Turnkey Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $175113 with Net income $115,928 and a Cap Rate of 7.73 including vacancy, utilities, taxes, maintenance and a 7% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. (id:50886)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12411443 |
| Property Type | Multi-family |
| Community Name | West End |
| Amenities Near By | Highway, Public Transit |
| Features | Irregular Lot Size |
| Parking Space Total | 14 |
Building
| Age | 51 To 99 Years |
| Appliances | Water Heater |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 8,950 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 37 Ft |
| Size Frontage | 164 Ft ,8 In |
| Size Irregular | 164.7 X 37.03 Ft |
| Size Total Text | 164.7 X 37.03 Ft |
| Zoning Description | M2 |
https://www.realtor.ca/real-estate/28879971/245-mattawa-street-north-bay-west-end-west-end
Contact Us
Contact us for more information
Mike Burman
Broker of Record
teamburman.com/
www.facebook.com/TeamBurman/
325 Main Street, West
North Bay, Ontario P1B 2T9
(705) 478-8588
Josee Laperle
Salesperson
www.teamburman.com/
www.facebook.com/LaperleEstate
www.linkedin.com/in/josée-laperle-50130a250/
325 Main Street, West
North Bay, Ontario P1B 2T9
(705) 478-8588
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 23 2025 12:28:36
North Bay and Area REALTORS® Association
Realty Executives Local Group Inc. Brokerage