ON > North Bay > West End
North Bay, ON P1B 4M2,245 Mattawa ST
North Bay, ON P1B 4M2,245 Mattawa ST
North Bay, ON P1B 4M2,245 Mattawa ST
North Bay, ON P1B 4M2,245 Mattawa ST
North Bay, ON P1B 4M2,245 Mattawa ST
North Bay, ON P1B 4M2,245 Mattawa ST
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 1,500,000
Est. payment | /mo

8,950 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

8,950 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 8,950 sqft

Price per Sqft $167

Subdivision West End

MLS Listing ID X12411443

Annual Tax Amount $15,533

Tax Year 2025

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Nipissing

Community West End

Area Nipissing

Zoning M2

Interior

Cooling No

Inclusions Carbon Monoxide Detector, Hot Water Tank Owned, Smoke Detector, 5 fridges, 5 stoves, 4 built in all in one laundry machines

Exterior

Community Features Major Highway, Public Transit

Utilities Available Yes

Lot Frontage 164.7

Lot Depth 37.03

Building

Building Age 51-99

Others

Security Features No

ParcelsYN No

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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245 Mattawa ST