$1,500,000
9.74 BTC
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245 Mattawa Street, North Bay
$1,500,000
PRICE
12
BEDROOMS
8
BATHROOMS
X12411450
MLSID

245 Mattawa Street, North Bay

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.
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Summary

Address
245 Mattawa Street
Community
MLSID
X12411450
Property Type
Multiplex
Property Category
Bedrooms
12
Bathrooms
8
Kitchens
5
Zoning
M2
Taxes (Annual)
$15,533.00
Tax Year
2024
Published
September 18, 2025
Days on Market
43 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Carbon Monoxide Detector, Hot Water Tank Owned, Smoke Detector, 5 fridges, 5 stoves, 4 built in all in one laundry machines

Details

Property Features
Beach, Golf, Hospital, Public Transit, School Bus Route, Marina
Bathroom 1
4-Piece Second Level
Bathroom 2
2-Piece Ground Level
Basement
Partial Basement
Interior Features
Water Heater Owned
Parking Spaces
11
Parking Total
14
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Rolled, Membrane
Construction Materials
Brick, Stucco (Plaster)
Lot Size
0 Acres
Lot Width
165 Feet
Lot Depth
37 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with REALTY EXECUTIVES Local Group Inc. Brokerage
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