Homes for sale - 447 Main Street E, North Bay, ON P1B 1B6

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Daryl Babineau • EXP Realty Brokerage

$1,325,000

Est. payment - /mo

9,660 SqFt

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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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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

447 Main Street E North Bay, ON P1B 1B6

Doug Folsetter

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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447 Main Street E