245 Mattawa Street, North Bay, ON
Description
Property Highlights
Welcome to this remarkable [] investment located in the coveted neighborhood of West End. Offering a sublime balance of structural integrity and modern aesthetic appeal, 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.
- 0 Bedrooms and 8 Bathrooms
- Premium 164.7 x 37.03 ft lot size
- Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
- Convenient other garage included
- equipped with ["no"] central cooling and highly efficient gas hot water heating
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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Pricing & Value Insights
Data-driven valuation for 245 Mattawa Street, North Bay, ON P1B 4M2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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