447 Main Street East, North Bay (Central), Ontario, P1B1B6




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$1,399,000
North Bay
This multi-family property in North Bay is for sale offering roughly 9,660 sq ft of space. It has been on the market 33 days, fresher than the North Bay average of 47 days.
Excellent investment opportunity just east of Downtown North Bay! This mixed-use property features 10 residential units and 2 commercial units, offering existing rental income and additional value-add potential. The residential portion includes one 2-bedroom unit and nine 1-bedroom units, with secure entrances and shared laundry facilities. The exterior and most residential units have been updated. Featuring masonry-block construction, the property has natural-gas hot-water heating with two new boilers installed in late 2025, along with LED lighting upgrades in the commercial units and common areas. With 12 total units, existing rental income and recent improvements, this property offers an attractive investment opportunity in North Bay. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 33 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 multi-family in North Bay (Central) has been listed for 33 days, which is 14 days fresher than the city average of 47. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,399,000, about 21.2× the local median household income of $66,000.
Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 314% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1B)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice