447 Main Street E

Central, North Bay · MLS® X13857694

9,660 sq ft · House · Multi-family · 22 days on market

listed by DARYL BABINEAU, EXP REALTY

realtor's description

Excellent investment opportunity just east of Downtown North Bay! This mixed-use property features 10 residential units and 2 commercial units, offering existing rental income and additional value-add potential. The residential portion includes one 2-bedroom unit and nine 1-bedroom units, with secure entrances and shared laundry facilities. The exterior and most residential units have been updated. Featuring masonry-block construction, the property has natural-gas hot-water heating with two new boilers installed in late 2025, along with LED lighting upgrades in the commercial units and common areas. With 12 total units, existing rental income and recent improvements, this property offers an attractive investment opportunity in North Bay.

property details

type: House, Multi-family
living area: 9,660 sq ft
parking: 0
property tax: $17,454 / yr
days on market: 22
MLS®: X13857694

monthly cost

$7,550/mo

Mortgage $6,095 · Tax $1,455

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$6,095/ monthly

loan $1,119,200

25-year amortization

down payment20% · $279,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $709,393
cash to close: $279,800; down payment; transfer tax and fees not included
total paid: $1,828,593

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.