$499,000

187 Main Street W, North Bay, ON P1B 2T6

North BayCentralInvestment

— beds— baths

Key facts

MLS®

X13640076

Status

New

Type

Investment

Taxes

$6,517

Lot

3024.66 Feet

Listed

2026-08-05

Brokerage

SOVEREIGN REALTY GROUP

Cross street

On Main between Fraser & Ferguson

**$499,000 | Approx. 9.5% Cap | Fully Tenanted | 4 Residential + 1 Commercial | 5 Income Streams**Excellent investment opportunity in the heart of downtown North Bay! This fully tenanted mixed-use property features **4 residential apartments plus 1 main-floor commercial retail unit**, providing five income-producing units and a diversified revenue stream.With annual gross income of approximately **$66,646** and an impressive **approx. 9.5% cap rate**, this is an attractive opportunity for an experienced investor expanding a portfolio or a buyer entering the income-property market.Located on Main Street, tenants enjoy convenient access to shopping, restaurants, professional services, public transit, the waterfront and everyday amenities.North Bay is a regional hub for Northeastern Ontario and home to **Nipissing University and Canadore College**, supporting continued demand for rental accommodation. Surrounded by lakes and offering outstanding four-season recreation, North Bay continues to be an attractive community in which to live, work and invest.Financial information available to qualified buyers. Cap rate is based on stated income and operating expenses and does not include a property-management expense.

IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.