North Bay, ON · · MLS® X13885630Updated
$399,000
187 Main St W is an investment in North Bay, listed for $399,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
$399,000 | APPROX. 12.34% CAP RATE | Fully tenanted | 5 income streamsinvestors take notice! Fully tenanted, income-producing mixed-use investment property in North Bay offering FIVE established income streams under one roof. Featuring a large commercial space plus FOUR residential apartments, this property provides a diversified combination of commercial and residential rental income with tenants already in place.THE Numbers make this one worth a look. Annual gross income of approximately $72,626 with reported operating expenses of approximately $23,403 produces a Net Operating Income (NOI) of approximately $49,223. At the $399,000 asking price, this represents an approximate 12.34% capitalization rate based on reported expenses.Reported expenses include allowances for 3% vacancy and 5% maintenance. Property management and snow removal are not included and will vary depending on the purchaser's operating arrangements.Unlike vacant investment properties requiring a buyer to find tenants before realizing the property's full income potential, this building is FULLY TENANTED with five existing revenue streams. Four residential apartments provide a strong residential component while the commercial space adds an additional source of income and diversification.At $399,000, this is an opportunity for an investor to acquire an established North Bay mixed-use property with income already in place and an attractive return based on the current financial information.Financial information is based on seller-provided figures and stated allowances.
North Bay investment priced at $399,000 — book a tour to see if it fits your search.Ask Zara a follow-up
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Closed sales on the TRREB MLS®.
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Listing brokerage: SOVEREIGN REALTY GROUP, BrokerageMLS® X13885630 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other homes for sale in North Bay around $399K.
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Every active North Bay MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 342 sales from Jul 13 – Oct 11, 2026 (168 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
187 Main St W is listed at $399,000 (MLS® X13885630). Summitly updates the price as soon as the MLS® record changes.
No — 187 Main St W is still listed at its original asking price of $399,000.
The listing for 187 Main St W doesn't publish its bedroom and bathroom count. It is a commercial property in North Bay.
Its asking price of $399,000 is about 7% below the median sold price in North Bay over the last 90 days, $428,750, across 342 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 187 Main St W on record from the last two years. Older records aren't shown under TRREB rules.
187 Main St W is in North Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
1 day — 187 Main St W was listed on October 10, 2026.
About $4,460 in Ontario land transfer tax at the asking price of $399,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
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The listing for 187 Main St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for North Bay.
The listing for 187 Main St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
