$1,695,000
18.20 BTC
Photos
Map
245 Mattawa Street, North Bay
$1,695,000
PRICE
12
BEDROOMS
8
BATHROOMS
X13473520
MLSID

245 Mattawa Street, North Bay

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 $177,309 with Net income $119,124 and a Cap Rate of 7.03 including vacancy, utilities, taxes, maintenance and a 5% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. All photos are before tenants moved in.
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Summary

Address
245 Mattawa Street
Community
MLSID
X13473520
Property Type
Multiplex
Property Category
Bedrooms
12
Bathrooms
8
Kitchens
5
Zoning
M2
Taxes (Annual)
$16,190.00
Tax Year
2026
Published
June 22, 2026
Days on Market
15 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

Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
4-Piece Second Level
Bathroom 2
2-Piece Main Level
Basement
Other
Exterior Features
Year Round Living
Interior Features
Water Heater
Parking Spaces
14
Parking Total
17
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Rolled
Construction Materials
Brick, Stucco (Plaster)
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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