$597,000
( $373.13Per Sq Foot )
 $3,205 est/mo Sourced by Back At You

407 Ferguson Street,North Bay (Central), ON P1B1X3

North Bay (Central), ON P1B1X3

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Description

Prime investment opportunity in the heart of North Bay's downtown core. This mixed-use commercial and residential property offers a strong combination of stable income and long-term upside. The main level features a fully equipped restaurant space with a finished basement and two washrooms, secured with a long-term lease in place, providing immediate, reliable cash flow. The property also includes two well-maintained 1-bedroom residential units on the upper levels, adding diversified rental income. Strategically positioned on a high-exposure corner in one of the city's busiest corridors, surrounded by established retailers, offices, and essential amenities, ensuring consistent foot traffic and tenant demand. Extensive renovations and upgrades have been completed throughout, showcasing quality finishes and reducing near-term capital expenditure. Income Highlights: Commercial Lease: $2,610/month + HST. Tenant pays 100% hydro (separately metered), 70% heat & water covered. Residential Unit: Currently rented at $1,400/month (all-inclusive). An additional residential unit offers further income potential. (id:13843)

Details

MLS #X13083094
Listing TypeFor Sale
StatusActive
Days On Site173
Listing Provided ByRevel Realty Inc. Brokerage | ROHIT TRIPATHI

Features

Bath(s) 4 Total
SQ Feet1,600
ZoningC-1
Acreage0.02

Interior

CoolingNone
HeatingHot water radiator heat, Natural gas
Fireplace Yes / NoNo

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount3295.2

Area Information

ProvinceON
CityNorth Bay (Central)
Postal CodeP1B1X3
Listing VS Median (in P1B1X3)
Price:
$597,000
low | high
Med:
$597,000
50% of Average
sqft:
1,600
low | high
Med:
1,600
50% of Average
$ / sqft:
$373
low | high
Med:
$373
50% of Average
On site:
173
low | high
Med:
173
100% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceON
CityNorth Bay (Central)
Postal CodeP1B1X3
Listing VS Median (in P1B1X3)
Price:
$597,000
low | high
Med:
$597,000
50% of Average
sqft:
1,600
low | high
Med:
1,600
50% of Average
$ / sqft:
$373
low | high
Med:
$373
50% of Average
On site:
173
low | high
Med:
173
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $447K - $746K
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
478 FIRST AVENUE W Property Photo 1
$449,900
478 First Avenue W
North Bay (central), ON P1B3C4
Listing Updated: September 29, 2026 at 3:44:56 AM PDT