245 Mattawa Street North Bay, Ontario P1B 4M2
$1,695,000
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. (id:47351)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13473536 |
| Property Type | Multi-family |
| Community Name | West End |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 17 |
Building
| Bathroom Total | 8 |
| Age | 16 To 30 Years |
| Appliances | Water Heater |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 8,950 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Other |
Land
| Acreage | Yes |
| Land Amenities | Highway, Public Transit |
| Size Depth | 37 Ft |
| Size Frontage | 164 Ft ,8 In |
| Size Irregular | 8950 |
| Size Total | 8950 Ac |
| Size Total Text | 8950 Ac |
| Zoning Description | M2 |
https://www.realtor.ca/real-estate/29935834/245-mattawa-street-north-bay-west-end-west-end
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June 22 2026 10:26:30
North Bay and Area REALTORS® Association