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For Sale · Office

253 SECOND AVENUE W, North Bay (Central)

253 SECOND AVENUE W, North Bay (Central), ON P1B3L1

$349,000 total

960 SF

Asset Class

Office

Size

960 SF

Building class

B

Zoning

CO — Commercial Office

$ / SF

$364

Occupancy

87%

Lot Size

960 ac

About this property

Welcome to 253 Second Avenue West, where modern updates meet timeless charm. The open-concept main floor features a stylish kitchen with quartz countertops, spacious living and dining areas, a convenient powder room, and walkout access to the backyard. Upstairs, three bright rooms and a full bathroom provide comfortable accommodations for everyone. Outside, enjoy a covered front porch, a large back deck, and a generous partially fenced yard with plenty of space to relax, entertain, or play. With desirable C2 zoning, this property offers added flexibility for future business or investment opportunities while still providing all the comforts of home. A beautifully updated space with the versatility to adapt to your needs -this one is worth a look! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$349K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$17K

Annual cash flow

$-2K

Cash-on-cash

-2.04%

DSCR

0.89

Going-in cap

4.93%

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 Robotics467 SF2029-08
Vector Robotics400 SF2029-08

Area demographics

Trade area within 3 miles of the property.

Population

73,778

Households

30,244

Median income

$112,500

Median age

35.1

Daytime population

85,999

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 253 SECOND AVENUE 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.