160-164 Main Street E North Bay, Ontario P1B 1A8

5 Bedroom 5 Bathroom 3,000 - 3,500 sqft
None

$619,900

**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. (id:49269)

Property Details

MLS® Number X13871740
Property Type Multi-family
Community Name Central
Amenities Near By Public Transit
Features Level Lot, Flat Site
Parking Space Total 5

Building

Bathroom Total 5
Bedrooms Above Ground 5
Bedrooms Total 5
Age 51 To 99 Years
Amenities Separate Electricity Meters
Appliances Water Meter
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type None
Exterior Finish Concrete Block, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Stone
Half Bath Total 2
Heating Fuel Natural Gas
Size Interior 3,000 - 3,500 Sqft
Type Other
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 132 Ft
Size Frontage 31 Ft ,9 In
Size Irregular 31.8 X 132 Ft
Size Total Text 31.8 X 132 Ft
Zoning Description C1

Utilities

Cable Available
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/30375386/160-164-main-street-e-north-bay-central-central

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