477 Main Street, North Bay, ON

$5,275,000
MLS#:X12943574
0 beds
0 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] investment located in the coveted neighborhood of Central. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,275,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 277.9 x 131.74 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient outside/surface garage included
  • equipped with ["yes"] central cooling and highly efficient gas forced air open heating

The offering represents a rare opportunity to acquire a freestanding retail asset fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations nationwide and approximately1.5 million members. The Property comprises 21,432 square feet and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. The asset is secured by a long-term corporate triple net lease expiring November 30, 2034, with two (2) additional 10-year renewal options, providing long-term income stability and tenancy security. The lease structure is fully net to the landlord, offering investors a passive investment with no day-to-day operational responsibilities. This location represents the only GoodLife Fitness branded club in the City of North Bay, establishing the Property as a true destination fitness facility within the trade area. Supported by a strong national covenant and long-term lease commitment, the North Bay GoodLife presents a secure investment opportunity within a stable Northern Ontario market.

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Key Features

Property Type
Commercial

Additional Details

StatusActive
Listed Date4/1/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeInvestment
Lot Size277.9 × 131.74 Feet
CountyNipissing
Annual Tax$113,211.56
Legal DescriptionLT 39, 40, 41, 42 AND PT OF LT 38 AS IN NB147347 PL 10 WIDDIFIELD; NORTH BAY; DISTRICT OF NIPISSING

Parking & Garage

Garage TypeOutside/Surface

Heating & Cooling

Heat TypeGas Forced Air Open
Cooling["Yes"]

Features

Property Features

Community Features

Location

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477 Main Street, North Bay, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 477 Main Street E, North Bay, ON P1B 1B6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$4,220,000
Monthly Mortgage$24,520
Property Tax (Est.)$9,434
Utilities & Maint.$350
Total Monthly Cost$34,304

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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Nearby Listings

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No current listings found in North Bay.