337 Wyld Street North Bay, Ontario P1B 1Z3
$649,900
Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio. (id:47351)
Property Details
| MLS® Number | X12016575 |
| Property Type | Retail |
| Community Name | Central |
| Equipment Type | Water Heater - Tankless |
| Features | Carpet Free, Sump Pump |
| Rental Equipment Type | Water Heater - Tankless |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Water Meter, Dryer, Furniture, Two Stoves, Washer, Two Refrigerators |
| Basement Development | Unfinished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding, Concrete Block |
| Fire Protection | Security System, Smoke Detectors |
| Fireplace Present | Yes |
| Fireplace Total | 2 |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Parking
| No Garage | |
| Street |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 58.08 X 34.75 Acre |
| Size Total Text | 58.08 X 34.75 Acre |
https://www.realtor.ca/real-estate/28018191/337-wyld-street-north-bay-central-central
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March 13 2025 04:57:29
North Bay and Area REALTORS® Association
Royal LePage Northern Life Realty, Brokerage