380 Fisher St - Apartments FOR SALE


North Bay, ON P1B 2E1
$549,000 CAD
866-530-7737

NO PHOTO

$549,000 CAD
Apartments - FOR SALE
null | 9.5% Cap Rate

380 Fisher St
North Bay, ON P1B 2E1


OVERVIEW

At just $72,000 per unit and boasting a cap rate of 9.5%, 380 Fisher Street is a rare opportunity for savvy investors looking for a solid value-add project. This nine-unit property in North Bay blends a spacious Victorian home with a commercial building, offering massive upside. Four units have been fully renovated, while the remaining five are ready for renovation as tenants transition, giving you the chance to unlock significant value. While the property is in need of some TLC, the potential for improvement is clear. Recent upgrades include a new commercial flat roof, a sturdy front steel door, and a brand-new boiler system installed in 2023, laying a solid foundation for future work.

FOR SALE DETAILS

PRICE

$549,000 CAD

PRICE/SF

$87 CAD /SF

# OF UNITS

9

PRICE/UNIT

$61,000

CAP RATE

9.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,327 SF

ZONING

C2

APN/PARCEL ID

484403003510300

ASK ABOUT THIS PROPERTY

Andrew OdoardieXp RealtyMore Info
866-530-7737

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Andrew OdoardieXp RealtyMore Info
866-530-7737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.