477 Main Street, North Bay, ON
Property Highlights
Welcome to this remarkable commercial retail 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 $5,100,000 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
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
6.75% Cap Rate with long term corporate NNN lease. Freestanding retail property fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations. The Property comprises 21,432 SF and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. Extremely busy location, open 24 hours. Secured by a long-term lease expiring in November 2034, providing 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.
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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
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in North Bay, ON
For a property listed at $5,100,000 in North Bay, the legal minimum down payment is $1,020,000 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 $113,975 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 $113,975.
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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.