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187 Main St W, North Bay, ON

Name: 187 Main St W, For Sale in North Bay - eXp Realty
Brand: SOVEREIGN REALTY GROUP
SKU: X13640076
Price: 499000 CAD

House

For Sale

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000

MLS® X13640076

Property Details
Map

Description

**$499, 000 | Approx. 9.5% Cap | Fully Tenanted | 4 Residential + 1 Commercial | 5 Income Streams**Excellent investment opportunity in the heart of downtown North Bay! This fully tenanted mixed-use property features **4 residential apartments plus 1 main-floor commercial retail unit**, providing five income-producing units and a diversified revenue stream.With annual gross income of approximately **$66, 646** and an impressive **approx. 9.5% cap rate**, this is an attractive opportunity for an experienced investor expanding a portfolio or a buyer entering the income-property market.Located on Main Street, tenants enjoy convenient access to shopping, restaurants, professional services, public transit, the waterfront and everyday amenities.North Bay is a regional hub for Northeastern Ontario and home to **Nipissing University and Canadore College**, supporting continued demand for rental accommodation. Surrounded by lakes and offering outstanding four-season recreation, North Bay continues to be an attractive community in which to live, work and invest.Financial information available to qualified buyers. Cap rate is based on stated income and operating expenses and does not include a property-management expense.Show Description

Key Facts

Levels Commercial Sale

Size -

Garage None

Taxes $6,517

Days Active 46

Lot Size 3024.66

MLS® Number X13640076

Central VacNo

FireplaceNo

GarageNone

DrivewayGarage Type:None

HeatWater Radiators

A/CPartial

Additional Information

Zoning C1

Price History

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