Space
Finished area and layout
- Building Area
- 8,950 sqft
- Bedrooms
- 12
- Bathrooms
- 8
+21 more
12
Bedrooms
8
Bathrooms
8,950 sqft
Building Area
164.7 x 37 FT
Lot
17
Parking
Property Snapshot
Key details for this listing
MLS #X13473520
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
- Ownership
- Freehold
- Stories
About This Property
This 12-bedroom, 8-bathroom investment in North Bay offers 8,950 sqft of building area on a 164.7 x 37 FT lot. 2 storeys. The property has zoned M2. The home features no.
MLS Remarks
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 $177,309 with Net income $119,124 and a Cap Rate of 7.03 including vacancy, utilities, taxes, maintenance and a 5% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. All photos are before tenants moved in. (id:60351)
Inclusions
Carbon Monoxide Detector, Hot Water Tank Owned, Smoke Detector, 5 fridges, 5 stoves, 4 built in all in one laundry machines
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