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
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