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. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Welcome to 1650 Main Street West, A rare offering in a prominent North Bay location with Its MC Sp. 58 zoning permits a broad range of potential commercial uses. This high-exposure, freestanding retail property prominently positioned at the busy intersection of Main Street West and Gormanville Road, directly across from Lake Nipissing. Situated on just over one acre, the property offers approximately 132,00 sq.ft of versatile building space and 36 ground parking spaces, providing excellent visibility, accessibility and operational flexibility. The Vendor has invested $$$$$$$ in professional renovations and extensive upgrades completed to a high commercial standard. The property currently operates as an Asian grocery and specialty-products store and includes a dedicated meat-processing facility on the lower level. The existing configuration is well suited to food retail, distribution, processing and other related commercial operations. The building features substantial open retail space, storage areas, washrooms and service areas. Its MC Sp. 58 zoning permits a broad range of potential commercial uses, offering flexibility for an owner-operator, investor or business seeking a strategically located property with modern improvements, ample parking and strong street exposure. Buyers are advised to independently confirm their intended use with the appropriate municipal authorities. The sale may include both the real estate and the existing business, presenting an exceptional opportunity to acquire an established operation together with a highly visible commercial property.
Demographic data is not available for this area yet.
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Age Groups
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Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$25,221/mo
Mortgage (principal + interest)$21,698
Property taxFrom listing: $42,284/yr$3,524
Minimum 20% ($1,160,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$1,160,000
Ontario land transfer taxProvincial brackets, no first-time refund$131,475
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$1,294,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. North Bay has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
