Space
Finished area and layout
- Building Area
- 3,025 sqft
3,025 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
Lot
Land, frontage and setting
- Zoning
- C1
Costs
Price, taxes and monthly charges
About This Property
This investment in North Bay offers 3,025 sqft of building area. The property has zoned C1. The home features partial.
MLS Remarks
$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 basement
Full Listing Details
Address187 Main Street W, North Bay, ON P1B 2T6
MLS#X13885630
Listing StatusNew
Property TypeCommercial
Sub-TypeInvestment
TransactionSale
List DateOct 10, 2026
Days on Market16
Annual Tax$6,517 (2026)
Possession DetailsTbd
StyleMixed Use
CityNorth Bay
ProvinceOn
Postal CodeP1B 2T6
Lot Size3,025 sqft
ZoningC1
CoolingPartial
SecurityNo
UtilitiesYes
Annual Tax$6,517 (2026)
Business TypeApts - 2 To 5 Units
Main St at Ferguson
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