245 Mattawa Street
North Bay, ON
- 8 bath
- 8,950 sqft
- Investment
- 77 days on market
Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $177,309 with Net income $119,124 and a Cap Rate of 7.03 including vacancy, utilities, taxes, maintenance and a 5% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. All photos are before tenants moved in.
Listing Details
- Taxes (2026)
- $16,190
- Listed
- June 22, 2026
Price History
Listing history
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Property
- Age
- 16-30
- Lot Size
- 164.7 x 37.03 Feet
Parking
- Garage
- Other
Location & Legal
- Cross Street
- Main St. W. or Harriet St.
- Zoning
- M2
- Parcel Number
- 491610196
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
- Office / Apartment Area
- 4475 Sq Ft
Included
- Inclusions
- Carbon Monoxide Detector, Hot Water Tank Owned, Smoke Detector, 5 fridges, 5 stoves, 4 built in all in one laundry machines
Community
Postal area P1B
- Population
- 33,113
- Private dwellings
- 16,526
- Median age
- 44.4
- Average household size
- 2.1
- Median household income
- $66,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in North Bay · last 12 months
- Median sold price
- $430,500
- Homes sold
- 704
- Median days on market
- 16
- Sale-to-list price
- 99.5%
Based on 704 recorded sales of commercial properties in North Bay over the last 12 months.
Listed by
REALTY EXECUTIVES Local Group Inc. Brokerage
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 8,950 sq ft
- Price per sq ft
- $189.39
- Annual property tax
- $16,190
- Tax per sq ft
- $1.81
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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