$1,500,000

245 Mattawa Street, North Bay (west End), Ontario

8,950

Square feet

X12411443

MLS® Number

22

Days on Website

For Sale

Listing Type

$1,500,000 | West End North Bay (west End) Multi-Family for Sale at 245 Mattawa Street North Bay (west End)

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. (id:6289)

Financial and Mortgage

List Price $1,500,000
Original Price $1,500,000
Monthly Payment $6,255/month
Get Prequalified
Days on Website 22
Price per square foot $168

245 Mattawa Street Details

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Construction and Lot

Square Footage 8,950
Bathrooms 0.00
Parking Spaces 14
Has Basement No
Heating Natural gas Hot water radiator heat
Features Irregular lot size

Exterior of 245 Mattawa Street

Type Multi-family
Amenities Highway, Public Transit
Features Irregular lot size

Interior

Appliances Water Heater
Fireplace No

Measurements

Square Footage 8,950

West End Information

About West End in North Bay (west End)

Address 245 Mattawa Street
Subdivision West End
City North Bay (west End)
Province Ontario
Postal Code P1B4M2
Amenities Highway, Public Transit
Features Irregular lot size
Office/Brokerage REALTY EXECUTIVES Local Group Inc. Brokerage

West End Map, Demographics, Characteristics

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