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$ 597,000
Est. payment /mo
New
407 Ferguson ST North Bay, ON P1B 1X3
4 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X13083094
Annual Tax Amount $3,295
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Prime investment opportunity in the heart of North Bay's downtown core. This mixed-use commercial and residential property offers a strong combination of stable income and long-term upside. The main level features a fully equipped restaurant space with a finished basement and two washrooms, secured with a long-term lease in place, providing immediate, reliable cash flow. The property also includes two well-maintained 1-bedroom residential units on the upper levels, adding diversified rental income. Strategically positioned on a high-exposure corner in one of the city's busiest corridors, surrounded by established retailers, offices, and essential amenities, ensuring consistent foot traffic and tenant demand. Extensive renovations and upgrades have been completed throughout, showcasing quality finishes and reducing near-term capital expenditure. Income Highlights: Commercial Lease: $2,610/month + HST. Tenant pays 100% hydro (separately metered), 70% heat & water covered. Residential Unit: Currently rented at $1,400/month (all-inclusive). An additional residential unit offers further income potential.
Location
Province ON
County Nipissing
Area Nipissing
Zoning C-1
Interior
Cooling No
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 28.0
Lot Depth 33.0
Building
Building Age 51-99
Others
Security Features Yes
ParcelsYN No
Listed by Revel Realty Inc. Brokerage