245 Mattawa St

For Sale 21 Days
$1,500,000
12 beds
8 baths

245 Mattawa St

For Sale 21 Days
$1,500,000
12 beds
8 baths

Highlights

Key insights

Description

Turnkey Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $175113 with Net income $115,928 and a Cap Rate of 7.73 including vacancy, utilities, taxes, maintenance and a 7% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. (id:63267)

MIKE BURMAN of REALTY EXECUTIVES Local Group Inc. Brokerage,
#X12411450
updated 2 weeks ago.
Houseful checked MLS® for data 2 weeks ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Hot water radiator heat
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • # parking spaces
    14
  • Has garage (y/n)
    Yes
Interior
  • # full baths
    5
  • # half baths
    3
  • # total bathrooms
    8.0
  • # of above grade bedrooms
    12
Location
  • Community features
    School bus
  • Subdivision
    West end
  • Directions
    2094987
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12411450
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28879972/245-mattawa-street-north-bay-west-end-west-end
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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