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CAONNorth BayDowntown251-257 Main St E
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251-257 Main St E, North Bay, ON

Real Estate

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MLS® 40501696

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $9,258
Approx. Age 
MLS® Number 40501696

Property Address: 251-257 Main St E, North Bay, ON, P1B1B2

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

Description

Welcome to 255 Main St, an entirely renovated 6-unit building comprising five residential spaces and a versatile commercial unit. Situated in the heart of the downtown core, this property enjoys a prime location, ensuring easy access to city amenities, making it an attractive choice for residents and businesses alike. The potential for significant cash flow growth is evident, as most units are currently rented below market rates, with no recent rent increases. Presently delivering a net income of $60, 571 and a 6% cap rate, this property has undergone major updates, including complete unit restoration, a new boiler (2022), and a membrane roof (2016). As a result, the new owner can confidently anticipate minimal capital expenditures in the coming years. Unit #1 will be vacant as of November 1st.Show Description
MLS® Number40501696
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

5 X Fridge, 5 X Stove, Coin Washer, Coin Dryer, 5 X Dishwasher

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  • Commute

Commute

Starting Address
Destination Address
257 Main St E, North Bay, ON

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