Last Sold Price
----
Real Estate boards require that you sign in to see the full details of this property.Sign in to view images
Overview
Key Facts
Type
Levels Commercial Sale
Size -
Garage None
Taxes $6,517
Days Active 11
Lot Size 3024.66
Approx. Age
MLS® Number X13885630
Property Address: 187 Main St W, North Bay, ON, P1B2T6
Average square foot calculated using Size range provided by listing agent.
Description
$399, 000 | APPROX. 12.34% CAP RATE | FULLY TENANTED | 5 INCOME STREAMSINVESTORS TAKE NOTICE! Fully tenanted, income-producing mixed-use investment property in North Bay offering FIVE established income streams under one roof. Featuring a large commercial space plus FOUR residential apartments, this property provides a diversified combination of commercial and residential rental income with tenants already in place.THE NUMBERS MAKE THIS ONE WORTH A LOOK. Annual gross income of approximately $72, 626 with reported operating expenses of approximately $23, 403 produces a Net Operating Income (NOI) of approximately $49, 223. At the $399, 000 asking price, this represents an approximate 12.34% capitalization rate based on reported expenses.Reported expenses include allowances for 3% vacancy and 5% maintenance. Property management and snow removal are not included and will vary depending on the purchaser's operating arrangements.Unlike vacant investment properties requiring a buyer to find tenants before realizing the property's full income potential, this building is FULLY TENANTED with five existing revenue streams. Four residential apartments provide a strong residential component while the commercial space adds an additional source of income and diversification.At $399, 000, this is an opportunity for an investor to acquire an established North Bay mixed-use property with income already in place and an attractive return based on the current financial information.Financial information is based on seller-provided figures and stated allowances.The Seller does not represent or warrant the retrofit of the basementShow Description
MLS® NumberX13885630
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
HeatWater Radiators
A/CPartial
Extras
Price History
Appreciation
--
Avg. Days Listed
--
Today, For Sale for $399,000
For Sale · 11 days
$399,000
MLS® X13885630
11 days ago
Not Sold Yet
November 2026, Withdrawn for $489,000
Withdrawn · 116 days
$489,000
MLS® X13640076
In a month
Canceled on Nov 30, 2026
October 2026, For Sale for $399,000
For Sale · 11 days
$399,000
MLS® X13885630
11 days ago
Not Sold Yet
Real estate boards require that you sign in to see the full details of this property. Log in or sign up to see price history.
Map
Loading...
Similar Listings
Comparable Properties
Owned by
© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved
Owned by
© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]
For listings in Canada, 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. Used under license.
MLS® Compliance Statements
Tony King – Designated Managing Broker, Broker Operations – TX.
Texas Real Estate Commission information about brokerage services
Texas Real Estate Commission Consumer Protection Notice
eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice→
*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More→
eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker
eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker
eXp Realty of Greater Los Angeles, Inc. | CA DRE# 02188471 | Anita Cruz – Designated Broker
eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas Penny – Designated Broker
Fair Housing and Reasonable Accommodations
DMCA Notice
2026 AODA Compliance Report
Feedback can be submitted through our standard communication channels such as our internal chat platform, email, phone etc., and accommodations are available upon request. Zoocasa reviews all feedback received, acknowledges concerns, and works to respond in a timely manner. Feedback is assessed and addressed appropriately to support continuous improvement of our services and accessibility practices.