245 Mattawa Street, North Bay, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of West End. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,695,000 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.
- 12 Bedrooms and 8 Bathrooms with 5 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 164.7 x 37.03 ft lot
- Features a other basement, adding superb versatility for recreation, a home gym, or extra storage
- 17.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Water Heater
- Efficient water heating via gas
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.
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Property Summary
This multiplex located at 245 Mattawa Street, North Bay is currently for sale and has been available on SousaSells for 53 days. This property is listed at $1,695,000 with an estimated mortgage of $5,642* per month. It has 12 beds, 8 bathrooms, and is 5000 + square feet. 245 Mattawa Street, North Bay is in the West End neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 12 bedrooms and 8 bathrooms, this home offers ample space and comfort for growing families in West End, North Bay.
- •12 spacious bedroom layout offering versatile living space
- •8 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in West End, North Bay.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 245 Mattawa Street, North Bay, ON
Q.What is the asking price for 245 Mattawa Street, North Bay, ON ?
The current listing price for 245 Mattawa Street, North Bay, ON in West End, North Bay is $1,695,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 12 bedrooms and 8 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 245 Mattawa Street, North Bay, ON ?
245 Mattawa Street, North Bay, ON is a Multiplex (2-Storey) featuring a Other basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater.
Q.What security features are installed at 245 Mattawa Street, North Bay, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 17.0 vehicles (Built-In).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Data-driven valuation for 245 Mattawa Street, North Bay, ON P1B 4M2
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About Purchasing a Home in North Bay, ON
For a property listed at $1,695,000 in North Bay, the legal minimum down payment is $339,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $30,375 for this transaction. As this listing is in North Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $30,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.