245 Mattawa North Bay (West End), Ontario P1B4M2, North Bay (West End) home/condo for sale | X12411443

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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:26452)

House located at 245 Mattawa North Bay (West End), Ontario P1B4M2. 245 Mattawa North Bay (West End), Ontario P1B4M2 is in the West End neighborhood.

Agent Contact: MIKE BURMAN Phone: +17054774442
Listing Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage
Source: crea , MLS#: X12411443 Agent Contact: JOSEE LAPERLE Phone: +17054771045
Listing Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage
Source: crea , MLS#: X12411443

Property Description

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