ON
North Bay (West End)
P1B4M2
245 Mattawa Street
245 Mattawa Street, North Bay (West End), ON P1B4M2
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Listing Type
Multi Family
Listing Status
Active
47
$1,500,000

Home Details for 245 Mattawa Street

Price
$1,500,000
Type
Residential Income
Bedrooms
12
Bathrooms
8.0
Square feet
NaN
Parking
Detached
Days on site
63
Listing #
X12411450
Property Description

Turnkey 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 $175113 with Net income $115,928 and a Cap Rate of 7.73 including vacancy, utilities, taxes, maintenance and a 7% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. (id:31684)

Property Features
  • Heating Information
    • Hot Water
    • Radiant
    • Natural Gas
  • Cooling Information
    • None
  • Parking
    • Detached
Listing Courtesy: REALTY EXECUTIVES Local Group Inc. Brokerage
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