$597,000
North Bay
407 Ferguson Street, North Bay (Central), Ontario, P1B1X3
This retail property in North Bay is for sale offering roughly 1,600 sq ft of space.
Prime investment opportunity in the heart of North Bay's downtown core. This mixed-use commercial and residential property offers a strong combination of stable income and long-term upside. The main level features a fully equipped restaurant space with a finished basement and two washrooms, secured with a long-term lease in place, providing immediate, reliable cash flow. The property also includes two well-maintained 1-bedroom residential units on the upper levels, adding diversified rental income. Strategically positioned on a high-exposure corner in one of the city's busiest corridors, surrounded by established retailers, offices, and essential amenities, ensuring consistent foot traffic and tenant demand. Extensive renovations and upgrades have been completed throughout, showcasing quality finishes and reducing near-term capital expenditure. Income Highlights: Commercial Lease: $2,610/month + HST. Tenant pays 100% hydro (separately metered), 70% heat & water covered. Residential Unit: Currently rented at $1,400/month (all-inclusive). An additional residential unit offers further income potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 183 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 $597,000, about 9.0× the local median household income of $66,000.
Carrying it typically needs a household income of about $116,615 (20% down, 25-yr amortization, stress-tested) — roughly 77% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1B)
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