$ 1,325,000
447 Main Street E North Bay, ON P1B 1B6
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Listed by Daryl Babineau • EXP Realty Brokerage
$ 1,325,000
Est. payment /mo
New
447 Main Street E North Bay, ON P1B 1B6
9,660 SqFt
UPDATED:
11/18/2024 06:13 PM
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
Waterfront No
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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