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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

12 Beds

8 Baths

Save

Est. payment | -/mo

Save

12 Beds

8 Baths

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 X13473520

Style 2-Storey

Bedrooms 12

Annual Tax Amount $16,190

Tax Year 2026

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Nipissing

Area Nipissing

Zoning M2

Rooms

Family Room Yes

Basement Other

Kitchen 5

Interior

Interior Features Water Heater

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

Exterior Feature Year Round Living

Parking Features Private

Garage Spaces 3.0

Pool None

Roof Type Asphalt Rolled

Lot Frontage 164.7

Lot Depth 37.03

Total Parking Spaces 17

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community Yes

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

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245 Mattawa ST North Bay, ON P1B 4M2