Cross Streets: McIntyre St E / Fisher St. ** Directions: Follow ON-400 N and ON-11 to Fisher St in North Bay. Follow signs for Orillia / North Bay for 241 KM and turn left onto Fisher St. Property will be on the right. 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. (id:27476)
