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337 Wyld Street North Bay, Ontario P1B 1Z3

4 Bedroom 5 Bathroom
Fireplace Central Air Conditioning Forced Air

$649,900

Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio. (id:61445)

Property Details

MLS® Number X12016575
Property Type Retail
Community Name Central
EquipmentType Water Heater - Tankless
Features Carpet Free, Sump Pump
RentalEquipmentType Water Heater - Tankless

Building

BathroomTotal 5
BedroomsAboveGround 4
BedroomsTotal 4
Amenities Separate Heating Controls, Separate Electricity Meters
Appliances Water Heater, Water Meter, Dryer, Furniture, Two Stoves, Washer, Two Refrigerators
BasementDevelopment Unfinished
BasementFeatures Separate Entrance
BasementType N/a (unfinished)
CoolingType Central Air Conditioning
ExteriorFinish Aluminum Siding, Concrete Block
FireProtection Security System, Smoke Detectors
FireplacePresent Yes
FireplaceTotal 2
FoundationType Block
HalfBathTotal 1
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Residential Commercial Mix
UtilityWater Municipal Water

Parking

No Garage
Street

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 34 Ft ,9 In
SizeFrontage 58 Ft
SizeIrregular 58.08 X 34.75 Ft
SizeTotalText 58.08 X 34.75 Ft

https://www.realtor.ca/real-estate/28018191/337-wyld-street-north-bay-central-central

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Debbie Forrest
Salesperson


Royal LePage Northern Life Realty, Brokerage
117 Chippewa Street West
North Bay, Ontario P1B 6G3

Himanshu Verma
Salesperson


Royal LePage Northern Life Realty, Brokerage
117 Chippewa Street West
North Bay, Ontario P1B 6G3

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