337 Wyld Street
North Bay, P1B 1Z3
FOR SALE
$649,900
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Store W Apt/Office
CATEGORY3,000 Sq Ft
TOTAL AREAX12016587
MLSIDContact Us
Property Description
Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio.
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Property Details
Address
337 Wyld Street
Community
City
Postal Code
P1B 1Z3
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
C2
Lot Size
58' x 35'
Total Area
3,000 Sq Ft
Office Area
1,000 Sq Ft
Retail Area
500 Sq Ft
Taxes
$10,804 (2024
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Royal Lepage Northern Life Realty, Brokerage
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