For Lease · Office

204 - 60 CHAMPLAIN STREET, North Bay (College Heights)

204 - 60 CHAMPLAIN STREET, North Bay (College Heights), ON P1B7M4

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

84%

About this property

Excellent opportunity to lease approximately 1,400 sq. ft. of main-floor commercial space in a highly convenient North Bay location! Currently operating as a sleep clinic, this well-designed unit offers a functional layout featuring a welcoming reception area, spacious lobby, multiple private offices or treatment rooms, a washroom, and additional storage. Ideally suited for medical, dental, wellness, professional services, or a small business with fewer than 10 employees, the space offers flexibility to accommodate a variety of business needs. Situated in a thriving commercial hub, the property is surrounded by everyday amenities, including Sobeys, Starbucks, Shoppers Drug Mart, Hampton Inn, and other retail and service businesses. Convenient parking is available around the building, providing easy access for both staff and clients. Offered at $2,600/month + HST, this is a fantastic opportunity to establish or grow your business in an accessible, amenity-rich location. Book your private viewing today! Your Next Chapter Awaits! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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.

Area demographics

Trade area within 3 miles of the property.

Population

56,284

Households

24,571

Median income

$105,500

Median age

33.2

Daytime population

70,799

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 204 - 60 CHAMPLAIN STREET, North Bay (College Heights).

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.