160-164 Main Street E,North Bay (Central), ON P1B1A8
North Bay (Central), ON P1B1A8
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. (id:13843)
Details
| MLS # | X13871740 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 15 |
| Listing Provided By | Century 21 Blue Sky Region Realty Inc., Brokerage | DENNIS MONG |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,000 |
| Basement | Y |
| Zoning | C1 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural gas |
| Appliances | Water meter |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Lot Features | Level lot, Flat site |
| Foundation Details | Stone |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 5 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 8763 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | North Bay (Central) |
| Postal Code | P1B1A8 |
| Listing VS Median (in P1B1A8) | |
Price: $619,900 low | high Med: $619,900 sqft: 3,000 low | high Med: 3,145 $ / sqft: $207 low | high Med: $198 On site: 15 low | high Med: 38.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | North Bay (Central) |
| Postal Code | P1B1A8 |
| Listing VS Median (in P1B1A8) | |
Price: $619,900 low | high Med: $619,900 sqft: 3,000 low | high Med: 3,145 $ / sqft: $207 low | high Med: $198 On site: 15 low | high Med: 38.5 | |
