62 LAKESHORE
Ferris | North Bay
$650,000.00
Listed about 1 month ago
- - bed
- - bath
- 4,300 sqft
- - parking
- Office
Property history
- Now
- Listed on Aug 27, 2024
Listed for $650,000.00
42 days on market
Location & area
Schools nearby
Home Details
- Description
- Discover an exceptional investment opportunity with this robust two-story commercial building, strategically located within walking distance of amenities and Lake Nipissing, additionally, it offers easy access to public transportation. This property combines a long-term commercial tenant on the main floor with three newly renovated, one-bedroom apartments on the upper floor, offering stable and impressive returns. The commercial space of 2,192 square feet and is leased to an established, long-time tenant on a new 2-year lease, with multiple parking spots available in the side parking lot. The residential units consist of three newly updated one-bedroom apartments, each signed to a 1-year lease and fully occupied, with designated parking spots located at the rear of the building. Financially, this property supports a 7.44% cap rate generating a gross annual income of over $76,000, providing consistent rental income from the commercial lease and secure, year-long agreements 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:39198)
- Additional media
- -
- Property taxes
- $9,372.00 per year / $781.00 per month
- Basement
- None
- Year build
- -
- Type
- Office
- Bedrooms
- null
- Bathrooms
- null
- Parking spots
- Total
- Floor
- -
- Balcony
- -
- Pool
- -
- External material
- -
- Roof type
- -
- Lot frontage
- -
- Lot depth
- -
- Heating
- -
- Fire place(s)
- -
Listing Brokerage
- MLS® Listing
- 40637984
- Brokerage
- REALTY EXECUTIVES Local Group Inc. Brokerage
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