245 MATTAWA STREET

North Bay (West End), , P1B4M2, Canada

$1,500,000

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.

EXTRAS: Water Heater

Last updated on : Wednesday 22nd of October 2025 08:46:42 PM

ADDRESS

Street : 245 MATTAWA STREET

City : North Bay (West End)

Country : Canada

Postal Code : P1B4M2

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PROPERTY SUMMARY

Property ID : X12411443

Building Type : Multi-Family

Property Type : Multi-family

Parking : 14

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