187 Main Street
North Bay, ON
- 3,024 sqft
- Investment
- 46 days on market
**$499,000 | Approx. 9.5% Cap | Fully Tenanted | 4 Residential + 1 Commercial | 5 Income Streams**Excellent investment opportunity in the heart of downtown North Bay! This fully tenanted mixed-use property features **4 residential apartments plus 1 main-floor commercial retail unit**, providing five income-producing units and a diversified revenue stream.With annual gross income of approximately **$66,646** and an impressive **approx. 9.5% cap rate**, this is an attractive opportunity for an experienced investor expanding a portfolio or a buyer entering the income-property market.Located on Main Street, tenants enjoy convenient access to shopping, restaurants, professional services, public transit, the waterfront and everyday amenities.North Bay is a regional hub for Northeastern Ontario and home to **Nipissing University and Canadore College**, supporting continued demand for rental accommodation. Surrounded by lakes and offering outstanding four-season recreation, North Bay continues to be an attractive community in which to live, work and invest.Financial information available to qualified buyers. Cap rate is based on stated income and operating expenses and does not include a property-management expense.
Listing Details
- Taxes (2026)
- $6,517
- Listed
- August 5, 2026
Price History
Listing history
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Property
- Lot Size
- 20 x 60 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- On Main between Fraser & Ferguson
- Zoning
- C1
- Parcel Number
- 491640126
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
- 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
- $430,000
- Homes sold
- 689
- Median days on market
- 16
- Sale-to-list price
- 99.6%
Based on 689 recorded sales of commercial properties in North Bay over the last 12 months.
Listed by
SOVEREIGN REALTY GROUP
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 3,024 sq ft
- Price per sq ft
- $165.01
- Annual property tax
- $6,517
- Tax per sq ft
- $2.16
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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