Discover an exceptional investment opportunity with this robust two-story commercial building, strategically located within walking distance of amenities and Lake Nipissing, additionally, it offers easy access to public transportation. This property combines a long-term commercial tenant on the main floor with three newly renovated, one-bedroom apartments on the upper floor, offering stable and impressive returns. The commercial space of 2, 192 square feet and is leased to an established, long-time tenant on a new 2-year lease, with multiple parking spots available in the side parking lot. The residential units consist of three newly updated one-bedroom apartments, each signed to a 1-year lease and fully occupied, with designated parking spots located at the rear of the building. Financially, this property generates a gross annual income of just under $75, 000, providing consistent rental income from the commercial lease and secure, year-long agreements ensuring steady cash flow from the residential leases. Dont miss out on this chance to secure a lucrative addition to your investment portfolio. For more information, and the income and expenses, please contact us today. (id:55598)
- MLS® 40603861
- Date Listed06/10/2024
- Days on Realty 71 Days
- Bedrooms 0
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Property Type Triplex
- Water Public
- Square Feet 4,300 sq. ft
- Price Per Sq. Ft $156.98
Interior Features
- Cooling None
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
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Frequently Asked Questions for 62 LAKESHORE Drive
Source: Realty.com
62 LAKESHORE Drive, North Bay, ON P1A2A3 is a Triplex, Residential Income property listed for $675,000 The property is 4300 sq. ft with 0 bedrooms and 0 bathrooms
Realty.com has 43 photos of 62 LAKESHORE Drive.
The full address for this home is 62 LAKESHORE Drive, North Bay, ON P1A2A3.
62 LAKESHORE Drive has been listed on Realty.com since Mon June 10, 2024
The average walkability score in the surrounding area is Walk Score: 34/100, Transit Score: 0/100, Bike Score: 46/100.
Listing provided courtesy of:
REALTY EXECUTIVES Local Group Inc. Brokerage
(tel: (705) 478-8588)
Listing agent:
AIMEE CAZABON
(tel: (705) 493-5867)
This content last refreshed on 2024-08-20 12:58:06. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 62 LAKESHORE Drive, North Bay, ON P1A2A3 : MLS® 40603861