447 Main Street E

North Bay, ON

MLS® 40676155

For sale
$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.
Property Details
Listing Contract Date
2024-11-13
Property Type
Commercial
Community Features
Business Centre
City Lot
Public Transit
Building
Basement Type
Full
Building Type
Mixed
Building and Land
Sewer
Sewer (Municipal)
Interior Size
9660 Square Feet
Stories
2
Water Source
Municipal
Land
Lot Depth
131 ft
Lot Front
38.90 ft
Acres
< 0.5 Acres
Zoning
C2
HoodQ
Daryl Babineau
Salesperson
eXp Realty Brokerage

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence. All information is deemed reliable but not guaranteed.

Listing ID: 155470458
Last Updated: 2024-11-18 18:13:22
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