ON > North Bay > West End
North Bay, ON P1B 4M2,245 Mattawa ST
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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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Raymond Hau

Raymond Hau

+1(416) 201-2001
$ 1,500,000
Est. payment /mo
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245 Mattawa ST North Bay, ON P1B 4M2

12 Beds

8 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision West End

MLS Listing ID X12411450

Style 2-Storey

Bedrooms 12

Building Age 51-99

Annual Tax Amount $15,533

Tax Year 2024

Property Sub-Type Multiplex

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

Rooms

Family Room Yes

Basement Partial Basement

Kitchen 5

Interior

Interior Features Water Heater Owned

Cooling None

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

Exterior

Parking Features Private

Garage Spaces 3.0

Pool None

Roof Type Asphalt Rolled,Membrane

Lot Frontage 164.7

Lot Depth 37.03

Total Parking Spaces 14

Building

Foundation Concrete

Others

Senior Community Yes

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Raymond Hau

Raymond Hau

Team Leader

+1(416) 201-2001

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