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447 MAIN STREET E, North Bay (Central) — listed at $1,399,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
Who is 447 MAIN STREET E best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $17,454, heating is hot water radiator heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $1,399,000, standout features include 9660 sq ft. In this price range, expect higher-end finishes — verify during a showing.
How is the home heated? Is it efficient?+
Heating is hot water radiator heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
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