62 Lakeshore Dr, North Bay, Ontario P1A 2A3
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
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Price/Sqft$156/sqft
Days On Market49 days
Est. Mortgage$2,899/mth
Tax Amount (2024)$9,372/yr
Description
Discover an exceptional investment opportunity with this robust two-story commercial building, strategically located within walking distance of amenities and Lake Nipissing, additionally, it offers easy access to public transportation. This property combines a long-term commercial tenant on the main floor with three newly renovated, one-bedroom apartments on the upper floor, offering stable and impressive returns. The commercial space of 2,192 square feet and is leased to an established, long-time tenant on a new 2-year lease, with multiple parking spots available in the side parking lot. The residential units consist of three newly updated one-bedroom apartments, each signed to a 1-year lease and fully occupied, with designated parking spots located at the rear of the building. Financially, this property generates a gross annual income of just under $75,000, providing consistent rental income from the commercial lease and secure, year-long agreements ensuring steady cash flow from the residential leases. Don’t miss out on this chance to secure a lucrative addition to your investment portfolio. For more information, and the income and expenses, please contact us today.
Property Details
Interior
Features
Exterior
Features
Parking
Garage spaces -
Garage type -
Total parking spaces 12
Property History
![history photo preview](https://cdn.wahi.com/listings/images/itso/IMG-40603764_1-256.webp)
![history photo preview](https://cdn.wahi.com/listings/images/itso/IMG-40603861_1-256.webp)
![history photo preview](https://cdn.wahi.com/listings/images/itso/IMG-40593177_1-256.webp)
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