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187 Main St W, North Bay, ON

Name: 187 Main St W, For Sale in North Bay - eXp Realty
Brand: SOVEREIGN REALTY GROUP
SKU: X13640076
Price: 499000 CAD

House

For Sale

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000

MLS® X13640076

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage None

Taxes $6,517

Days Active 4

Lot Size 3024.66

Approx. Age

MLS® Number X13640076

Property Address: 187 Main St W, North Bay, ON, P1B2T6

Average square foot calculated using Size range provided by listing agent.

Description

Investment Opportunity - Fully Tenanted Mixed-Use Building.An excellent opportunity to acquire a fully tenanted mixed-use investment property in the heart of North Bay. This well-maintained building features a main-floor commercial retail space complemented by four residential apartments, providing diversified income from both commercial and residential tenants.Offering an attractive 7.5% cap rate, this property is ideal for both first-time investors seeking a solid income-producing asset and experienced investors looking to expand an established portfolio. With stable tenancy already in place, this is an opportunity to generate immediate cash flow from day one.North Bay continues to be recognized as one of Northern Ontario's most desirable communities for investment. As the regional service hub for Northeastern Ontario, the city offers a diverse economy supported by healthcare, education, government services, transportation, tourism and small business. Home to Nipissing University and Canadore College, North Bay attracts students, professionals and families, helping sustain demand for quality rental housing.Known as the "Gateway to the North, " North Bay offers an exceptional lifestyle with hundreds of nearby lakes, outstanding fishing, boating, beaches, skiing, snowmobiling, hiking, golfing and year-round recreational opportunities. Its combination of affordability, natural beauty and economic stability continues to attract residents, businesses and investors alike.Whether you're looking to purchase your first investment property or add a strong income-producing asset to your portfolio, this fully occupied mixed-use building offers immediate revenue, long-term investment potential and an opportunity to own in one of Northern Ontario's most attractive and growing communities.Show Description

MLS® NumberX13640076

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

Basement

DrivewayGarage Type:None

Garage Spaces

HeatWater Radiators

A/CPartial

Extras

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