Estimated Mortgage Payment: $4537.18/mo
Date Listed: Thu, Sep 24, 2020
Property Tax: N/A
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Property Description for 555 MAIN ST W
Beautifully located 6-plex in downtown North Bay. This 'can't miss' income property is ready to go, fully tenanted. Located on the border of downtown and the popular family destination neighborhood of West End and just a stones throw to the spectacular beaches of Lake Nipissing, shopping area, farmer markets, parks, and bus routes. Most units enjoy decks offering gorgeous views of the Lake Nipissing along with stunning city views. The current owners have enjoyed long term tenants in this turn key building. Owners have taken pride in the level of maintenance over the years where everything from electrical, fire and sound control have been addressed, the spacious units range from 900-1100 square feet all featuring updated solid oak kitchens cupboards, low maintenance carpets and laminate floors, high ceiling and tur of the century charm. Laundry facility is coin operated in the basement. All units are fire rated and new insulation and resilient channels between units keeps costs low. dry basement allows for storage if you care to offer, updated mechanical systems and the security entrance is a feature all good tenants enjoy. The main level has been used for office/commercial in the past and the handicapped entrance is a true bonus feature. With 10 parking spaces, you have enough for each unit and visitors. Build your income portfolio with this property where the opportunity for increased value is substantial.
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