609 DURRIL STREET, North Bay (West End)
Welcome to 609 Durril Street, nestled in North Bay’s sought-after…
$679,900
Laframboise Team North Bay and Area
Realty Executives | North Bay & Area
Laframboise Team North Bay and Area
Realty Executives | North Bay & Area
Laframboise Team North Bay and Area
Realty Executives | North Bay & Area
245 MATTAWA STREET, North Bay (West End)
245 MATTAWA STREET, North Bay (West End), Ontario, P1B4M2
$1,695,000
Description • 245 MATTAWA STREET, North Bay (West End)
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 2×3 bedrooms and 3×2 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:54164)
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