380 FISHER STREET, North Bay (Central), Ontario, P1B2E1

Property Description

At just $72,000 per unit and boasting a cap rate of 9.5%, 380 Fisher Street is a rare opportunity for savvy investors looking for a solid value-add project. This nine-unit property in North Bay blends a spacious Victorian home with a commercial building, offering massive upside. Four units have been fully renovated, while the remaining five are ready for renovation as tenants transition, giving you the chance to unlock significant value. While the property is in need of some TLC, the potential for improvement is clear. Recent upgrades include a new commercial flat roof, a sturdy front steel door, and a brand-new boiler system installed in 2023, laying a solid foundation for future work. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: None
• Living Area: 4,413 sq ft (410.0 m²)
• Attached: Yes
• Lot Size: 4413.0000 acres (1785.88 ha)
• Frontage: 59 ft (18.1 m)

Costs

• Annual Taxes: $7,117.00

Listing Provided by: EXP REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.