$649,000

North Bay ON, P1B 2E1

MLS® # X12650246

Property Information:

At just $72,000 per unit and boasting a cap rate of 9.5%, 380 Fisher Street is a rare opportunity for savvy investors looking for a solid value-add project. This nine-unit property in North Bay blends a spacious Victorian home with a commercial building, offering massive upside. Four units have been fully renovated, while the remaining five are ready for renovation as tenants transition, giving you the chance to unlock significant value. While the property is in need of some TLC, the potential for improvement is clear. Recent upgrades include a new commercial flat roof, a sturdy front steel door, and a brand-new boiler system installed in 2023, laying a solid foundation for future work. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 4413 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Features: Irregular lot size
Floor Space (approx): 4413 Square Feet
Irregular: Yes
Lot Depth: 67.1 Feet
Lot Frontage: 59.2 Feet
Lot Size: 4413.00 Acres
Zoning: C2

Courtesy of: EXP REALTY

More Detail

Less Detail

⚠ Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Market Price Trends

Location of 380 FISHER STREET, North Bay, Ontario, P1B 2E1

Lifestyle
Neighbourhood

Demographic Information of 380 FISHER STREET, North Bay, Ontario, P1B 2E1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$69,774.07

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.08 %

High school certificate or equivalent

34.46 %

Apprenticeship trade certificate/diploma

5.3 %

College/non-university certificate

30.59 %

University Degree

10.56 %

Commuter

Travel To Work

By Car

78.92 %

By Public Transit

4.11 %

By Walking

13.29 %

By Bicycle

0.0 %

By Other Methods

3.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

49.34 %

Houses

50.66 %

Own Vs. Rent