187 Main Street
North Bay, ON
- 3,024 sqft
- Investment
Prime mixed-use investment opportunity in the heart of downtown North Bay. Ideally located on Main Street with excellent visibility, strong pedestrian traffic, and rear access from Oak Street with three dedicated parking spaces. This well-maintained income property features a street-level retail commercial unit, two lower-level residential apartments, and two upper-level residential apartments, providing multiple income streams. The retail space benefits from outstanding exposure, while the residential units offer a quiet, private setting for tenants. With a strong 7.2% cap rate, this property presents an excellent opportunity for investors seeking stable cash flow and long-term value in a high-demand downtown location.
Listing Details
- Taxes (2026)
- $5,734
- Listed
- June 29, 2026
Price History
Listing history
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Property
- Lot Size
- 20 x 60 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Main /Ferguson
- Zoning
- C1
- Parcel Number
- 491640126
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 1600 Sq Ft
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
- $429,750
- Homes sold
- 688
- Median days on market
- 16
- Sale-to-list price
- 99.6%
Based on 688 recorded sales of commercial properties in North Bay over the last 12 months.
Listed by
SOVEREIGN REALTY GROUP
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,024 sq ft
- Price per sq ft
- $178.51
- Annual property tax
- $5,734
- Tax per sq ft
- $1.90
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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