29 Byng Avenue, Kapuskasing, Ontario, P5N1W6
This office property in Kapuskasing is for sale offering roughly 9,656 sq ft of space.
Well maintained vacant commercial building for sale formerly used as a multiple unit office complex in Kapuskasing's downtown core. This is an excellent business opportunity with potential for several sources of income due to the separate office spaces, conference spaces that could be individually leased. The main level is presently divided into two rental areas; which are divided into a number of private offices, staff rooms, reception areas, board rooms, meeting rooms, separate full kitchens and washrooms. The lower level consists of two separate rental areas, a number of rooms ranging from office facilities to activity rooms, conference rooms, a full kitchen and laundry facility, a large area formerly known as a drop-in centre, washrooms, mechanical rooms, storage rooms throughout and a separate lower level suite with it's own access. Zoning permits many uses. The mining sector is one of the most prominent in Kapuskasing. Mining employs many residents in the region and several mining supply and service companies have their head office in Kapuskasing. Our strategic location offers many competitive advantages. * Many potential uses possible for this property * (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 320 days on market, against an average age of 121 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
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Approximate location — exact address confirmed upon showing
This home lists at $645,000, about 9.3× the local median household income of $69,000.
Carrying it typically needs a household income of about $125,991 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.
Source: Statistics Canada, 2021 Census (FSA P5N)
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