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North Bay,ON P1B 1Z3
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $216
Subdivision Central
MLS Listing ID X12016587
Annual Tax Amount $10,804
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning C2
Interior
Cooling Yes
Inclusions 1 washer & dryer (upstairs), furniture in apartments (see brokerage remarks), 2 stoves (in apartments), 2 refrigerators / small refrigerator
Exterior
Utilities Available Available
Lot Frontage 58.08
Lot Depth 34.75
Others
Security Features No