$675,000
Available - For Sale
Listing ID: X12084881
380 FISHER Street , North Bay, P1B 2E1, Nipissing
| Welcome to 380 Fisher Street! Located in the thriving city of North Bay, this unique nine-unit property combines a spacious Victorian home with a commercial building, creating a fantastic investment opportunity with an 8.7% cap rate at the asking price! Four units have already been fully renovated, while five units await transformation as tenants transition, making it an ideal choice for value-add investors. This well-maintained, low-maintenance property reflects the care of both its owners and tenants. Recent upgrades include a new commercial flat roof, a sturdy front steel door, and a brand-new boiler system installed in 2023. |
| Price | $675,000 |
| Taxes: | $7117.00 |
| Tax Type: | N/A |
| Occupancy: | Tenant |
| Address: | 380 FISHER Street , North Bay, P1B 2E1, Nipissing |
| Postal Code: | P1B 2E1 |
| Province/State: | Nipissing |
| Legal Description: | PT OF LT 155 PL 10 WIDDIFIELD AS IN NB12 |
| Directions/Cross Streets: | Follow ON-400 N and ON-11 to Fisher St in North Bay. follow signs for Orillia / North Bay for 241 km |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 4413.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 9347 |
| Water Expense: | $3431 |
| Net Income Before Debt: | $58928 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
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At a Glance:
| Type: | Com - Investment |
| Area: | Nipissing |
| Municipality: | North Bay |
| Neighbourhood: | Ferris |
| Tax: | $7,117 |
| Fireplace: | N |
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