Homula Realty Brokerage
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174 Main Street E, North Bay, ON P1B 1A8

Sale Of Business
$14,000

Prime downtown North Bay commercial leasing opportunity beside the Capitol Centre in one of the city's most prominent redevelopment and hospitality opportunities. This purpose-built building has been designed and permitted specifically for restaurant use and is available as an openvanilla shell ready for customization. Ideal for a restaurant, lounge, hospitality concept, or other approved commercial use, this is a rare opportunity to create a flagship operation from the ground up in a premium Main Street location. Offering approximately 3,600-3,800 Sq Ft above grade plus an additional 2,000-2,200 Sq Ft basement area for support, storage, production, or back-of-house use, the property provides exceptional flexibility. Major structural planning andopening work has already been completed with permits approved for restaurant and hotel accommodation use, while plans can be revised to suit a tenant's specific operational needs and vision. Lease rate of $14,000 Net Rent plus TMI estimated at approximately $6.50 per Sq Ft for the entire building with preferred lease terms of 5-10 years and longer commitments considered for build-to-suit opportunities. Includes 3 dedicated parking spaces, an exceptionally rare downtown feature, with flexibility for phased fit-ups, vanilla shell delivery, or customized build-outs for qualified long-term tenants. There are also permits in place for a patio deck.All construction is subject to permit revisions, municipal approvals, building code, and firecode.

MLS number
X13440040
Type
Sale Of Business
Status
Active
Bedrooms
Bathrooms
Postal code
P1B 1A8
Photos
3
92days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Chippewa Secondary School
Near North DSB
Secondary27 m5.9 / 10
59% met the standard · 2 of 6 measures
Kinoomaadziwin Education BodySecondary183 mNot reported
Mother St Bride School
Nipissing-Parry Sound CDSB
Elementary845 m5.3 / 10
53% met the standard
École secondaire catholique Algonquin
CSDC Franco-Nord
Elementary903 mNot reported
École secondaire catholique Algonquin
CSDC Franco-Nord
Secondary915 m7.0 / 10
70% met the standard · 2 of 6 measures
École séparée Saint-Vincent
CSDC Franco-Nord
Elementary745 m5.3 / 10
53% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 625 people.

$28,200Median household income
4.3%Own their home
0%Detached houses
71Median age
3.4%Born outside Canada
11.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35480059 — the few blocks around this address, home to 625 people. It describes the area, not this property.

625Population
62.6Average age
1.3Household size
$36,600Average household income
$28,200Median household income
4%Own their home
96%Rent
0%Condominiums
3%Born outside Canada
11%University degree
$360,000Average home value
44%Low income
30%Never married
Under $5,0001%
$5,000 to $9,9993%
$10,000 to $14,9995%
$15,000 to $19,9997%
$20,000 to $24,99928%
$25,000 to $29,9998%
$30,000 to $34,9997%
$35,000 to $39,9997%
$40,000 to $44,9995%
$45,000 to $49,9994%
$50,000 to $59,9995%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9991%
$100,000 and over5%
$100,000 to $124,9993%
$125,000 to $149,9991%

Percentages are of the 380 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Listed by ROYAL LEPAGE SIGNATURE REALTY. Listing data provided by the Toronto Regional Real Estate Board.