380 Fisher Street, North Bay, ON P1B 2E1

North Bay P1B 2E1 Ontario

MLS: X12650246

$649,000

Added 2 hours ago | For Sale

Listed by: EXP REALTY

About Property

Hey guys, I edited the listing description a bit, let me know what you think, if not I can keep the old one but it did not reference the price per unit or cap which I think is our only selling features lmao: 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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 59.32 X 67.15
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:McIntyre St E / Fisher St
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $7117
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12650246

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