$619,900
North Bay
160-164 MAIN Street East, North Bay (Central), Ontario, P1B1A8
This retail property in North Bay is for sale offering roughly 3,290 sq ft of space.
Looking for an opportunity that combines investment income, a business location, and the potential for living quarters? This Main Street property deserves a serious look. Located in the heart of North Bay, this commercial retail building offers approximately 3,290 sq. ft., including about 2,600 sq. ft. of retail space, plus multiple residential rental units generating additional income. INVESTMENT & BUSINESS OPPORTUNITY Main Street exposure for your own retail, professional or commercial venture. Existing rental income helps offset ownership costs. Potential to operate your business on the main floor and live upstairs. Residential units provide additional income potential. Approximately $72,000+ projected annual gross revenue based on current information. Convenient rear access from McIntyre Street. Municipal services and natural gas. Central downtown location with public transit nearby. An opportunity to invest, operate your own business, live on-site and collect rental income - all under one roof. Whether you're an investor looking for cash flow, an entrepreneur tired of paying rent to someone else, or someone who likes the idea of living above their own business, 160-164 Main Street East offers several possibilities. Some major front renovation with new siding, many updates and upgrades. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 75 days on market, against an average age of 47 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 27 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This retail in North Bay (Central) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $619,900, about 9.4× the local median household income of $66,000.
Carrying it typically needs a household income of about $121,088 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1B)
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