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Key Details
Sold Price $1,164,000
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 2,548 sqft
Price per Sqft $456
MLS Listing ID 40593743
Sold Date 10/11/24
Abv Grd Liv Area 2,548
Originating Board North Bay
Year Built 1989
Annual Tax Amount $5,900
Property Description
Introducing 450 Main St W. 450 Main St. W - Discover an exceptional investment opportunity with this meticulously maintained commercial/residential mixed-use building. Featuring established commercial tenants on a 5-year lease and six fully occupied residential units, this property promises stable and lucrative returns. Situated in the vibrant West end of the downtown core, 450 Main St W boasts excellent visibility and is conveniently located within walking distance of downtown amenities and waterfront. Built in 1989, this all-brick, two-story building offers a 2,548 sq ft commercial space at the front, complemented by five 2-bedroom units and one 1-bedroom unit and 12 dedicated parking spots. Together, these units generate an impressive annual income of over $144,000. With numerous updates and a solid structure, this property is a valuable addition to any investment portfolio.
Location
Province ON
County Nipissing
Area North Bay
Zoning C2
Direction 450 MAIN ST W. between Plouffe and Foran St
Rooms
Basement None
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Garage Asphalt
Utilities Available Electricity Connected, Fibre Optics, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
Waterfront No
Lot Frontage 66.0
Lot Depth 132.0
Parking Type Asphalt
Garage No
Building
Lot Description Rectangular, Ample Parking, Business Centre, City Lot, Public Transit
Faces 450 MAIN ST W. between Plouffe and Foran St
Story 2
Foundation Block, Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Block
New Construction No
Others
Senior Community false
Tax ID 491620406
Ownership Freehold/None
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