447 MAIN STREET E, North Bay (Central)

$1,399,000

For sale: Multiplex

Multiplex at 447 MAIN STREET E, North Bay (Central)
Property type
Investment
MLS®
MLS® X13857694
Neighbourhood
Central

Excellent investment opportunity just east of Downtown North Bay! This mixed-use property features 10 residential units and 2 commercial units, offering existing rental income and additional value-add potential. The residential portion includes one 2-bedroom unit and nine 1-bedroom units, with secure entrances and shared laundry facilities. The exterior and most residential units have been updated. Featuring masonry-block construction, the property has natural-gas hot-water heating with two new boilers installed in late 2025, along with LED lighting upgrades in the commercial units and common areas. With 12 total units, existing rental income and recent improvements, this property offers an attractive investment opportunity in North Bay.

Sold data

Multiplex homes in North Bay (Central) — recent sold market

Multiplex homes in North Bay (Central) took a median of 24 days to sell over the last 730 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 54, across 44 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 28 days.

The median sale price was $394,900.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$394,900
Sale-to-list ratio
96.7%
Sold above asking
9%

Based on 44 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in North Bay (Central)

North Bay (Central) has 20 Fraser Institute–rated schools (15 elementary and 5 secondary), averaging 4.4/10.

Rated schools
20
Elementary
15
Secondary
5
Average rating
4.4 / 10

Top-rated schools in North Bay (Central)

  • St. Luke — elementary, North BayFraser rating 7.0/10
  • Odyssée — secondary, North BayFraser rating 6.9/10
  • Vincent Massey — elementary, North BayFraser rating 6.6/10
  • Alliance — elementary, North BayFraser rating 5.9/10
  • Chippewa — secondary, North BayFraser rating 5.5/10
  • West Ferris — secondary, North BayFraser rating 5.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 447 MAIN STREET E