62 Lakeshore Dr
Lakeshore Dr, West Ferris, North Bay, ON, P1A 2A3
Quick Summary
Quick Summary
- Robust two-story commercial building
- Strategically located near amenities and lake
- Easy access to public transportation
- Commercial space leased to long-time tenant
- Three newly renovated one-bedroom apartments
- Stable and impressive 7.44% cap rate
- Generates over $76,000 in gross annual income
- Consistent rental income from commercial and residential leases
Discover an exceptional investment opportunity with this robust two-story commercial building, strategically located within walking distance of amenities and Lake Nipissing, additionally, it offers easy access to public transportation. This property combines a long-term commercial tenant on the main floor with three newly renovated,... Show More
Discover an exceptional investment opportunity with this robust two-story commercial building, strategically located within walking distance of amenities and Lake Nipissing, additionally, it offers easy access to public transportation. This property combines a long-term commercial tenant on the main floor with three newly renovated, one-bedroom apartments on the upper floor, offering stable and impressive returns supporting a 7.44% cap rate .The commercial space of 2,192 square feet and is leased to an established, long-time tenant on a new 2-year lease, with multiple parking spots available in the side parking lot. The residential units consist of three newly updated one-bedroom apartments, each signed to a 1-year lease and fully occupied, with designated parking spots located at the rear of the building. Financially, this property generates a gross annual income of over $76,000, providing consistent rental income from the commercial lease and secure, year-long agreements ensuring steady cash flow from the residential leases. Don’t miss out on this chance to secure a lucrative addition to your investment portfolio. (id:54626)
Property Details
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Ownership Details
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For Sale Nearby
Sold Nearby
- 1,100 - 1,500 Sq. Ft.
- 5
- 3
- 6
- 4
- 2
- 1
- 3
- 2
- 1,100 - 1,500 Sq. Ft.
- 2
- 1
- 4
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- 2,500 - 3,000 Sq. Ft.
- 3
- 3
- 1,100 - 1,500 Sq. Ft.
- 5
- 3
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