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$ 649,000
Est. payment | /mo
$ 649,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12650246
Annual Tax Amount $7,117
Tax Year 2024
Property Sub-Type Investment
Lot Depth 67.15
Lot Front 59.32
Property Description
At just $72,000 per unit and boasting a cap rate of 9.5%, 380 Fisher Street is a rare opportunity for savvy investors looking for a solid value-add project. This nine-unit property in North Bay blends a spacious Victorian home with a commercial building, offering massive upside. Four units have been fully renovated, while the remaining five are ready for renovation as tenants transition, giving you the chance to unlock significant value. While the property is in need of some TLC, the potential for improvement is clear. Recent upgrades include a new commercial flat roof, a sturdy front steel door, and a brand-new boiler system installed in 2023, laying a solid foundation for future work.
Location
Province ON
County Nipissing
Area Nipissing
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 59.32
Lot Depth 67.15
Others
ParcelsYN No
Listed by EXP REALTY
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