29
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$597,000
Est. payment /mo
4 Baths
1,600 SqFt
Active
407 FERGUSON STREET North Bay, ON P1B1X3
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1600
Square Footage 1,600 sqft
Price per Sqft $373
Subdivision Central
MLS® Listing ID X13083094
Lot Size 914 Sqft
Acres 0.021
Property Description
Prime investment opportunity in the heart of North Bay's downtown core. This mixed-use commercial and residential property offers a strong combination of stable income and long-term upside. The main level features a fully equipped restaurant space with a finished basement and two washrooms, secured with a long-term lease in place, providing immediate, reliable cash flow. The property also includes two well-maintained 1-bedroom residential units on the upper levels, adding diversified rental income. Strategically positioned on a high-exposure corner in one of the city's busiest corridors, surrounded by established retailers, offices, and essential amenities, ensuring consistent foot traffic and tenant demand. Extensive renovations and upgrades have been completed throughout, showcasing quality finishes and reducing near-term capital expenditure. Income Highlights: Commercial Lease: $2,610/month + HST. Tenant pays 100% hydro (separately metered), 70% heat & water covered. Residential Unit: Currently rented at $1,400/month (all-inclusive). An additional residential unit offers further income potential. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Virtual Tour https://youtu.be/CRvuXcqSnRM
Listed by Revel Realty Inc. Brokerage
Nearby Locations
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