About 160-164 Main Street E
**PRIME DOWNTOWN INVESTMENT OPPORTUNITY** Looking for a solid investment property with both commercial retail space and residential income? This well-located downtown property offers an excellent combination of income, visibility and convenience. The building features 2 main-floor commercial retail units plus 3 residential apartments, all currently rented, providing immediate income for the new owner. With access from both Main Street East and McIntyre Street East, the property offers excellent flexibility, including a convenient rear entrance that is ideal for unloading supplies to the commercial units as well as separate rear access to the apartments. Additional highlights include: Currently producing over a 7.5% CAP rate 6 parking spaces - a major downtown bonus. Recently updated storefront with a clean, modern appearance. All commercial and residential units are rented. Separate hydro meters. Building has been municipally retrofitted. Excellent Main Street exposure. Convenient rear service and tenant access. A strong opportunity for an investor looking for a mixed-use income property in a prime downtown location with established tenants and multiple revenue streams. Invest in downtown - commercial income downstairs, residential income upstairs. Located close to the downtown waterfront, Kate pace way.
Features of 160-164 Main Street E
| MLS® # | X13871740 |
|---|---|
| Price | $619,900 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Square Footage | 3000-3500 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | Other |
| Status | Active |
Community Information
| Address | 160-164 Main Street E |
|---|---|
| Area | Nipissing |
| Subdivision | Central |
| City | North Bay |
| Province | ON |
| Postal Code | P1B 1A8 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Water |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Full, Unfinished |
| Kitchens | 3 |
Exterior
| Exterior | Concrete Block, Vinyl Siding |
|---|
Listing Details
| Office | Century 21 Blue Sky Region Realty Inc., Brokerage |
|---|