Property Details

240 MATTAWA Street, North Bay, Ontario, P1B4M3

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For sale, ID#: 40072549
240 MATTAWA Street
North Bay Ontario
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0 Beds
0 Bath
$825,000

6000 SQ FT Industrial Sprinklered Building with 3-Phase Wiring and 10 vehicle parking spots. Area A: 20 x 75x 11.5H Workshop/Garage with O/H Door, Eye Wash Station & Small Hoist, Lg. Metal-top Workbench, overhead Gas Furnace, 2 Offices + storage Room Area B: 20x75x 11.5H with Dock- Height Freight/Man Door, Over-Head Gas Furnace + Sink Area D: 20x45x11.5H large office and a separate 10x25 office/work room. AREA C: 20x80x11.5H Loft-type Living/Office with 2 bathrooms (1 with Jucuzzi tub), 2 Napoleon Gas Fireplaces, 2 great rooms with refrigerators, stoves and dishwashers, satellite hookups and fibe high speed internet, 3 bedrooms/offices, 1 laundry room with whirlpool side-by-side washer/ drier and 2 private entrances. Gated Outside Side Yard Area: 20 x95, illuminated and 3-Phase Wiring and 120 amp. Excellent opportunity for owner/occupier needing shop and living space or an investor interested in getting started in industrial investments. There is market rent upside on Areas B & D (currently 40% below market). Current Net Operating Income $27,600 (with owner living in suite rent free) Projected Net Operating Income with Industrial Space at Market Rents + Owner Suite Rented $66,500. There may also be potential for a conversion to industrial style loft spaces. Many possibilities with this well maintained building dont pass this one by! (id:2471)

Representatives
Shannon Unger and John Skidmore Broker of Record and Sales Representative,
RE/MAX Legend Real Estate Inc., Brokerage - North Bay
Property Details
  • Property Address: 240 MATTAWA Street, North Bay, Ontario, P1B4M3
  • Property Type: Other
  • Zoning Description: M2
  • Title: Freehold
  • Lot Size: 0.189
  • Acreage: 0.189 ac|under 1/2 acre
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
Structure Details
  • Storeys: 1
  • Basement Type: None
  • Heating Type: Natural gas, Forced air
  • Exterior Type: Concrete
  • Flooring: Concrete, Laminate
  • Foundation Type: Unknown
Amenities / Features
  • Recreational
Neighbourhood Information

Listing Office: RE/MAX Legend Real Estate Inc., Brokerage (138)

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240 MATTAWA Street, North Bay, Ontario, P1B4M3

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