160-164 MAIN Street E, North Bay, ON P1B 1A8

About this property

**PRIME DOWNTOWN INVESTMENT OPPORTUNITY** Looking for a solid investment property with both commercial retail space and residential income? This well-located downtown property offers an excellent combination of income, visibility and convenience. The building features 2 main-floor commercial retail units plus 3 residential apartments, all currently rented, providing immediate income for the new owner. With access from both Main Street East and McIntyre Street East, the property offers excellent flexibility, including a convenient rear entrance that is ideal for unloading supplies to the commercial units as well as separate rear access to the apartments. Additional highlights include: Currently producing over a 7.5% CAP rate 6 parking spaces - a major downtown bonus. Recently updated storefront with a clean, modern appearance. All commercial and residential units are rented. Separate hydro meters. Building has been municipally retrofitted. Excellent Main Street exposure. Convenient rear service and tenant access. A strong opportunity for an investor looking for a mixed-use income property in a prime downtown location with established tenants and multiple revenue streams. Invest in downtown - commercial income downstairs, residential income upstairs. Located close to the downtown waterfront, Kate pace way.

Property facts & features

Property type

Multiplex

MLS® number

X13871740

Source status

New

Bedrooms

5

Bathrooms

5

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

P1B 1A8

Parking spaces

5

Garage

None

Lot depth (source units)

132

Annual property tax

8763

Basement

Full, Unfinished

Laundry

Not provided

Interior features

Separate Hydro Meter

Exterior features

Year Round Living

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Floor plans & room measurements

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Property value & listing history

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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