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:7434)