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Royal LePage
Royal LePage
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$1,500,000

North Bay (West End) ON, P1B 4M2

MLS® # X12411443

Property Information:

Turnkey Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $175113 with Net income $115,928 and a Cap Rate of 7.73 including vacancy, utilities, taxes, maintenance and a 7% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 8950 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Highway, Public Transit
  • Features: Irregular lot size
  • Floor Space (approx): 8950 Square Feet
  • Irregular: Yes
  • Lot Depth: 37.0 Feet
  • Lot Frontage: 164.7 Feet
  • Lot Size: 164.7 x 37.03 FT
  • Zoning: M2
  • No. of Parking Spaces: 14

Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage

REALTOR.ca  

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Location of 245 MATTAWA STREET, North Bay (West End), Ontario, P1B 4M2

Demographic Information of 245 MATTAWA STREET, North Bay (West End), Ontario, P1B 4M2

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$113,154.18

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.12 %

High school certificate or equivalent

25.53 %

Apprenticeship trade certificate/diploma

4.73 %

College/non-university certificate

28.44 %

University certificate (below bachelor)

2.06 %

University Degree

23.13 %

Commuter

Travel To Work

By Car

86.08 %

By Public Transit

0.0 %

By Walking

7.52 %

By Bicycle

0.0 %

By Other Methods

6.4 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.58 %

Houses

78.42 %

Own Vs. Rent

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