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)
MLS® Number | X12016575 |
Property Type | Retail |
Community Name | Central |
EquipmentType | Water Heater - Tankless |
Features | Carpet Free, Sump Pump |
RentalEquipmentType | Water Heater - Tankless |
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 |
No Garage | |
Street |
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
Contact us for more information
Debbie Forrest
Salesperson
Himanshu Verma
Salesperson