For Sale · Retail

437 MAIN STREET W, North Bay (Central)

437 MAIN STREET W, North Bay (Central), ON P1B2V3

Price on request

4,489 SF

Asset Class

Retail

Size

4,489 SF

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

98%

Lot Size

4489 ac

About this property

Position your business for success in the heart of North Bay! Ideally situated along Main Street West, this freestanding commercial property offers an exceptional opportunity for professional offices, medical or dental practices, and a variety of other business uses. Featuring C2 zoning, the property offers excellent versatility for a range of commercial uses, subject to applicable zoning requirements. Enjoy a central location just moments from the waterfront, courthouse, downtown core, professional offices, and everyday amenities.Offering approximately 1,481 sq. ft. of office space across two levels, the building features a functional layout, hardwood and carpet flooring, a welcoming covered front porch, and excellent curb appeal. The property also includes a separate one-bedroom basement apartment, which is available to be leased separately or together with the main commercial space, offering excellent flexibility for tenants and business owners.All furniture will be removed from the property prior to occupancy. An excellent opportunity for professionals, investors, or business owners seeking a standalone commercial space in a well-established North Bay location. Move-in ready and ready for your next business venture! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics4,390 SF2032-05

Area demographics

Trade area within 3 miles of the property.

Population

78,587

Households

31,313

Median income

$131,000

Median age

37.3

Daytime population

76,254

5-yr growth

2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 437 MAIN STREET W, North Bay (Central).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.