North Bay, ON P1B 2W9
Tenanted Commercial/Industrial property for sale. The building is 13,131 sqft on a lot size of 1.576 acres. The tenant has been operating out of the property since the 1960's, the location operates as a retail location as well as a distribution hub. The current lease is triple net and runs until the end of 2030 with options. This is a carefree lease to the landlord with the tenant self managing all maintenace and repairs (owner responsible for structural work only). There are 3 loading dock doors with parking for multiple full size trailers. At the end of 2025 the property had approximately $470,000 in capital work performed including, new roof, front facade brick work and warehouse structural beams fortified with steal and concrete bollards. Property is located just 175m from the shores of Lake Nipissing, bordering residential and industrial zones. Buyer to perform their own due diligence regarding future development with residential elements.
TRREB MLS® Attribution
MLS® X12927542
Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$9,761
/month · $1,599,200 mortgage
Amortization
Total Interest
$1,329,214
Total Cost
$2,928,414
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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RE/MAX GARDEN CITY REALTY INC, BROKERAGE