main st e

0 Bedroom Real Estate has been listed for sale at 251 - 257 Main St E in North Bay for $1,100,000. Chat with a local expert, book a tour.

North Bay

Downtown

257 Main St E

251 - 257 Main St E, For Sale in North Bay - eXp Commercial Brokerage

Investment Opportunity - 6 units: 5 residential & 1 commercial. Annual Net Income $82, 890.25. (2) 3 bedroom, (4) 2 bed, (1) 3 bed. 1150 Sqft commercial unit. This building has been thoroughly renovated over the past 7 years. All windows, kitchens, bathrooms and flooring, roof (membrane) 2016. Heating (boiler) 2023, hot water tanks 2022. Income / Expense and Rent Roll available to qualified buyers. (id:58753)

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 #4 is becoming vacant november 1st, rent can be increased to $1600-1700. (id:15898)

Investment Opportunity – 6 units: 5 residential & 1 commercial. Annual Net Income $67, 700. (2) 3 bedroom, (4) 2 bed, (1) 3 bed. 1150 Sqft commercial unit vacant for an owner occupier, or landlord will work with prospective buyer to lease prior to closing. This building has been thoroughly renovated over the past 7 years. All windows, kitchens, bathrooms and flooring, roof (membrane) 2016. Heating (boiler) 2023, hot water tanks 2022. Income / Expense and Rent Roll available to qualified buyers.

Investment Opportunity - 6 units: 5 residential &amp; 1 commercial. Annual Net Income $67, 700. (2) 3 bedroom, (4) 2 bed, (1) 3 bed. 1150 Sqft commercial unit vacant for an owner occupier, or landlord will work with prospective buyer to lease prior to closing. This building has been thoroughly renovated over the past 7 years. All windows, kitchens, bathrooms and flooring, roof (membrane) 2016. Heating (boiler) 2023, hot water tanks 2022. Income / Expense and Rent Roll available to qualified buyers.

251 - 257 Main St E, North Bay, ON

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