Located on the east side of Downtown North Bay, this property features ten updated residential units (nine 1-bed and one 2-bed) with a secure entrance and shared laundry. The commercial unit is rented to a local antique shop on a current 3-year term, providing a stable income stream. The property generates a gross annual income of $174, 060 with a 7.28% cap rate. The exterior along with the majority of the apartments has been freshly painted and modernized, and there is still room to improve a few units, offering the potential for increased returns. Comprehensive documentation includes a 2017 fire inspection, engineering reports from 2008, a current survey, updated rent roll, lease and tenant agreements, and income and expenses updated for 2024. The permitted uses of zoning are detailed, and a Phase 1 Environmental report from 2004 confirms that no further remediation is necessary. The building features hot water heating, concrete block walls with steel beams, a membrane roof inspected by Designed Roofing in 2017, and an HVAC unit. Additionally, approximately 75% of the lighting has been upgraded to LED. This property is a practical choice for investors seeking a stable, income-generating asset in a convenient location. (id:55598)
- MLS® 40621758
- Date Listed07/22/2024
- Days on Realty 52 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Property Type Other
- Water Public
- Square Feet 9,660 sq. ft
- Price Per Sq. Ft $139.75
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Public • PK - 5
0.88 km
Distance
Public • PK - 8
1.57 km
Distance
Alliance French Immersion Public School
Public • PK - 5
1.74 km
Distance
Public • PK - 8
1.57 km
Distance
Public • PK - 5
1.76 km
Distance
École élémentaire catholique Saints-Anges
Public • PK - 5
2.79 km
Distance
E. T. Carmichael Public School
Public • PK - 5
2.79 km
Distance
Our Lady of Fatima Separate School
Public • PK - 8
3.25 km
Distance
Public • PK - 5
3.1 km
Distance
Public • PK - 5
3.08 km
Distance
École secondaire catholique Algonquin
Public • 6 - 12
1.76 km
Distance
Public • 6 - 12
1.74 km
Distance
W. J. Fricker Senior Public School
Public • 6 - 8
3.53 km
Distance
St Joseph-Scollard Hall Secondary School
Public • 9 - 12
1.57 km
Distance
Public • 9 - 12
3.87 km
Distance
Private • PK - 5
1.19 km
Distance
Private • PK - 5
1.44 km
Distance
Private • PK - 8
1.67 km
Distance
École secondaire publique Odyssée
Private • 6 - 12
1.92 km
Distance
Silver Birches Elementary School
Private • PK - 5
2.02 km
Distance
Private • 6 - 12
2.28 km
Distance
Sales & Tax History
Source: Public Records
Street Address | Beds | Baths | Sold Date | List Price |
---|---|---|---|---|
645 MEMORIAL Drive | 4 | 3 | Sep 06, 2024 | $1,250,000 |
12 WOODWARD Avenue | 3 | 2 | Aug 28, 2024 | $439,900 |
459 MACPHERSON Drive | 5 | 3 | Sep 02, 2024 | $1,700,000 |
10 MANITOU Street | 4 | 2 | Sep 01, 2024 | $469,900 |
459 Macpherson Drive, Corbeil ON P0H 1K0 | 5 | 3 | Sep 01, 2024 | $1,700,000 |
645 Memorial Drive, North Bay ON P1A 1T5 | 4 | 3 | Sep 05, 2024 | $1,250,000 |
34 Sugarbush Street, North Bay ON P1C 0A4 | 3 | 2 | Aug 31, 2024 | $899,900 |
22 Carriage Crescent, North Bay ON P1C 1G6 | 4 | 2 | Aug 29, 2024 | $482,092 |
10 Manitou Street, North Bay ON P1A 1P4 | 4 | 2 | Aug 31, 2024 | $469,900 |
178 Carmichael Drive, North Bay ON P1B 8G2 | 3 | 3 | Aug 31, 2024 | $799,900 |
88/100
Very Walkable
Walk Score ®
0/100
Minimal Transit
Transit Score ®
93/100
Biker's Paradise
Bike Score ®
Overview
Most errands can be accomplished on foot. It is possible to get on a bus. Daily errands can be accomplished on a bike.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 0/100, Bike Score: 45/100.
Points of interest near 447 MAIN Street E, North Bay, ON P1B1B6
Indra's Curry House, North Bay, ON, Canada
Food Retail
11 m
Distance
Between the Bun, North Bay, ON, Canada
Food • Retail
61 m
Distance
Retail
111 m
Distance
164 m
Distance
261 m
Distance
288 m
Distance
Retail
305 m
Distance
318 m
Distance
353 m
Distance
384 m
Distance
Ottawa Valley Railway, North Bay, ON, Canada
Professional
147 m
Distance
Northern Credit Union, North Bay, ON, Canada
Finance Professional
157 m
Distance
Transport Professional
295 m
Distance
TD Canada Trust, North Bay, ON, Canada
Finance Professional
340 m
Distance
St. Joseph Adult Education Campus, North Bay, ON, Canada
Education Professional
386 m
Distance
Indra's Curry House, North Bay, ON, Canada
Food Retail
11 m
Distance
Between the Bun, North Bay, ON, Canada
Food • Retail
61 m
Distance
Northern Credit Union, North Bay, ON, Canada
Finance Professional
157 m
Distance
TD Canada Trust, North Bay, ON, Canada
Finance Professional
340 m
Distance
North Bay Public Library, North Bay, ON, Canada
Education Entertainment
330 m
Distance
St. Joseph Adult Education Campus, North Bay, ON, Canada
Education Professional
386 m
Distance
Transport Professional
295 m
Distance
North Bay Public Library, North Bay, ON, Canada
Education Entertainment
330 m
Distance
50 m
Distance
125 m
Distance
140 m
Distance
336 m
Distance
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Frequently Asked Questions for 447 MAIN Street E
Source: Realty.com
447 MAIN Street E, North Bay, ON P1B1B6 is a Other, Commercial Sale property listed for $1,350,000 The property is 9660 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 20 photos of 447 MAIN Street E.
The full address for this home is 447 MAIN Street E, North Bay, ON P1B1B6.
447 MAIN Street E has been listed on Realty.com since Mon July 22, 2024
Most errands can be accomplished on foot. It is possible to get on a bus. Daily errands can be accomplished on a bike.
The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 0/100, Bike Score: 45/100.
Listing provided courtesy of:
REALTY EXECUTIVES Local Group Inc. Brokerage
(tel: (705) 478-8588)
Listing agent:
MIKE BURMAN
(tel: (705) 478-8588)
This content last refreshed on 2024-09-12 08:16:40. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 447 MAIN Street E, North Bay, ON P1B1B6 : MLS® 40621758