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$ 5,275,000
Est. payment /mo
Active
477 Main ST E North Bay, ON P1B 1B6
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12943584
Annual Tax Amount $113,211
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
The offering represents a rare opportunity to acquire a freestanding retail asset fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations nationwide and approximately1.5 million members. The Property comprises 21,432square feet and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. The asset is secured by a long-term corporate triple net lease expiring November 30, 2034, with two (2) additional 10-year renewal options, providing long-term income stability and tenancy security. The lease structure is fully net to the landlord, offering investors a passive investment with no day-to-day operational responsibilities. This location represents the only GoodLife Fitness branded club in the City of North Bay, establishing the Property as a true destination fitness facility within the trade area. Supported by a strong national covenant and long-term lease commitment, the North Bay GoodLife presents a secure investment opportunity within a stable Northern Ontario market.
Location
Province ON
County Nipissing
Area Nipissing
Zoning General Commercial Outer Core (C2) Zoning
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 277.9
Lot Depth 131.74
Others
Security Features Yes
ParcelsYN No
Listed by LENNARD COMMERCIAL REALTY