348 Fraser St, North Bay - Asimco Properties

About 348 Fraser St, North Bay

This property comprises a two storey building containing 7,679 square feet, located on a 0.096 acre lot, zoned General Commercial Inner Core (C1). The building is in mixed condition dated to average. There are two small vacancies in the building.

The rented spaces are finished with vinyl tile, ceramic tile and carpeted flooring, painted drywall walls and fibre tile ceilings. The basement is finished with cement and raised flooring covered with vinyl and laminate flooring.

Property Details

Building Location: North Bay

Building Type: Commercial

Building Condition: Refurbished

Number of Rental Spaces: 9 commercial office units

Approx. Dimensions on Rental Space: 7679 Square Feet

Age of Property: 1995

Property History

The neighbourhood is referred to as the Downtown section. It is bordered by Murray
Street to the west, Front Street to the north, the North Bay Bypass and the O.N.R.
tracks to the east and Lake Nipissing to the south.

The neighbourhood comprises the oldest portion of the City developed with a widely
varied mix including retail stores, hotels, churches, residences and various service,
recreational and entertainment facilities. There is still a small supply of undeveloped
land in the neighbourhood.

The immediate area of the subject property is developed older commercial buildings,
many with upper floor residential components. It is located in the heart of downtown
North Bay. Downtown North Bay has experienced a decline in retail activity with the
introduction of large malls into the City. The ongoing waterfront development of the
former CPR rail lands appears to have created renewed interest in downtown North
Bay, especially with properties having Oak Street frontage.