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337 WYLD STREET
North Bay (Central) Ontario , P1B1Z3 , Canada
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Debbie Forrest
Agent
Sales Representative
Phone: 705.472.2980
Cell: 705.358.9010

Royal LePage Northern Life Realty
Brokerage:
117 CHIPPEWA STREET
North Bay, ON
P1B6G3
Phone: 705.472.2980
Fax: 705.472.5421
/jumplisting/rlp/images/logo/rlp_logo_sm.gif

Himanshu Verma
Sales Representative

Brokerage:
Royal LePage Northern Life Realty
117 CHIPPEWA STREET
North Bay, ON
P1B6G3
Phone: 705.472.2980
Fax: 705.472.5421
$649,900.00
MLS® X12016587
Commercial : Retail
Lot Frontage: 58.0 Feet
Lot Depth: 34.8 Feet
Lot Size: 58.08 x 34.75 FT
Floor Space (approx): 3000 Square Feet
Total Bathrooms: 4
Zoning: C2
Remarks:
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. (id:27)

Property Features:
  • Property Type: Retail
Building Features:
  • Appliances: Dryer , Two stoves , Washer
  • Building Type: Residential Commercial Mix
  • Cooling Type: Fully air conditioned
  • Heating Fuel: Natural gas
  • Heating Type: Forced air

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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