$649,000
Available - For Sale
Listing ID: X12650246
380 Fisher Street , North Bay, P1B 2E1, Nipissing
| Hey guys, I edited the listing description a bit, let me know what you think, if not I can keep the old one but it did not reference the price per unit or cap which I think is our only selling features lmao: At just $72,000 per unit and boasting a cap rate of 9.5%, 380 Fisher Street is a rare opportunity for savvy investors looking for a solid value-add project. This nine-unit property in North Bay blends a spacious Victorian home with a commercial building, offering massive upside. Four units have been fully renovated, while the remaining five are ready for renovation as tenants transition, giving you the chance to unlock significant value. While the property is in need of some TLC, the potential for improvement is clear. Recent upgrades include a new commercial flat roof, a sturdy front steel door, and a brand-new boiler system installed in 2023, laying a solid foundation for future work. |
| Price | $649,000 |
| Taxes: | $7117.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 380 Fisher Street , North Bay, P1B 2E1, Nipissing |
| Postal Code: | P1B 2E1 |
| Province/State: | Nipissing |
| Directions/Cross Streets: | McIntyre St E / Fisher St |
| 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 |
| Water Expense: | $3431 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
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Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Investment |
| Area: | Nipissing |
| Municipality: | North Bay |
| Neighbourhood: | Central |
| Tax: | $7,117 |
| Fireplace: | N |
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