160-164 Main Street E,North Bay, ON P1B 1A8
North Bay, ON P1B 1A8
Description
**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.
Details
| MLS # | X13871740 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 15 |
| Listing Provided By | Century 21 Blue Sky Region Realty Inc., Brokerage | X13871740 544300 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 |
| Basement | Y |
| Acreage | 0.10 |
| Property View | Downtown |
Interior
| Interior Features | Separate Hydro Meter |
|---|---|
| Cooling Yes / No | No |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Year Round Living |
|---|---|
| Roof | Flat |
| Foundation Details | Stone |
| Topography | Flat |
| View | Downtown |
| Construction Materials | Concrete Block, Vinyl Siding |
| Security Features | Smoke Detector, Carbon Monoxide Detectors |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 8763 |
|---|---|
| Tax Assessed Value | 216000 |
| Tax Legal Description | PT LT 92-93 PL 10 WIDDIFIELD AS IN NB79844, S/T INTEREST IN NB79844; NORTH BAY; DISTRICT OF NIPISSING |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Nipissing |
| City | North Bay |
| Postal Code | P1B 1A8 |
| Area | Central |
| Listing VS Median (in P1B 1A8) | |
Price: $619,900 low | high Med: $619,900 On site: 15 low | high Med: 62 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Nipissing |
| City | North Bay |
| Postal Code | P1B 1A8 |
| Area | Central |
| Listing VS Median (in P1B 1A8) | |
Price: $619,900 low | high Med: $619,900 On site: 15 low | high Med: 62 | |
