245 MATTAWA STREET
North Bay (West End), Ontario
MLS® X13473536
$1,695,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13473536
- Bedrooms
- —
- Bathrooms
- 8
- Year built
- —
1 / 25Listing description
Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows.
The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances.
Other supporting documentation upon request, legal non conforming building, Gross Income $177,309 with Net income $119,124 and a Cap Rate of 7. 03 including vacancy, utilities, taxes, maintenance and a 5% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request.
All photos are before tenants moved in.
Property summary
- MLS® number
- X13473536
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 8,950 sq ft
- Land size
- 8950 acres
- Annual property taxes
- $16,190.00
- Parking
- 17 spaces · Other
- Days on market
- 67 days
Features & details
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- None
- Appliances
- Water Heater
What would this home cost you?
Based on the $1,695,000 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 REALTY EXECUTIVES Local Group 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.