245 Mattawa Street,North Bay (West End), ON P1B4M2
North Bay (West End), ON P1B4M2
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. (id:374)
Details
| MLS # | X13473536 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 124 |
| Listing Provided By | REALTY EXECUTIVES Local Group Inc. Brokerage | MIKE BURMAN |
Features
| Bath(s) | 8 Total |
|---|---|
| SQ Feet | 8,950 |
| Zoning | M2 |
| Acreage | 8950.00 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot water radiator heat, Natural gas |
| Appliances | Water Heater |
| Fireplace Yes / No | No |
Parking
| Parking Features | Other |
|---|---|
| Parking Total | 17 |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 16190 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | North Bay (West End) |
| Postal Code | P1B4M2 |
| Listing VS Median (in P1B4M2) | |
Price: $1,695,000 low | high Med: $1,695,000 sqft: 8,950 low | high Med: 6,975 $ / sqft: $189 low | high Med: $264 On site: 124 low | high Med: 124 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | North Bay (West End) |
| Postal Code | P1B4M2 |
| Listing VS Median (in P1B4M2) | |
Price: $1,695,000 low | high Med: $1,695,000 sqft: 8,950 low | high Med: 6,975 $ / sqft: $189 low | high Med: $264 On site: 124 low | high Med: 124 | |