160-164 MAIN STREET E
North Bay (Central), Ontario
MLS® X13871740
$619,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13871740
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- —
1 / 29Listing description
**PRIME DOWNTOWN INVESTMENT OPPORTUNITY** Looking for a solid investment property with both commercial retail space and residential income? This well-located downtown property offers an excellent combination of income, visibility and convenience. The building features 2 main-floor commercial retail units plus 3 residential apartments, all currently rented, providing immediate income for the new owner.
With access from both Main Street East and McIntyre Street East, the property offers excellent flexibility, including a convenient rear entrance that is ideal for unloading supplies to the commercial units as well as separate rear access to the apartments. Additional highlights include: Currently producing over a 7. 5% CAP rate 6 parking spaces - a major downtown bonus.
Recently updated storefront with a clean, modern appearance. All commercial and residential units are rented. Separate hydro meters.
Building has been municipally retrofitted. Excellent Main Street exposure. Convenient rear service and tenant access.
A strong opportunity for an investor looking for a mixed-use income property in a prime downtown location with established tenants and multiple revenue streams. Invest in downtown - commercial income downstairs, residential income upstairs. Located close to the downtown waterfront, Kate pace way.
Property summary
- MLS® number
- X13871740
- Property type
- Multi-family
- Building type
- Other
- Land size
- 31.8 x 132 FT
- Annual property taxes
- $8,763.00
- Parking
- 5 spaces · No Garage
- Days on market
- 3 days
Features & details
- Heating
- Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Appliances
- Water meter
- Exterior features
- Vinyl siding, Concrete Block
- Lot features
- Level lot, Flat site
What would this home cost you?
Based on the $619,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Blue Sky Region Realty Inc., Brokerage, NORTH BAY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.