477 Main Street E, North Bay, ON P1B 1B6, North Bay, ON
21432.0 sqft
The offering represents a rare opportunity to acquire a freestanding retail asset fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations nationwide and approximately1.5 million members. The Property comprises 21,432 square feet and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. The asset is secured by a long-term corporate triple net lease expiring November 30, 2034, with two (2) additional 10-year renewal options, providing long-term income stability and tenancy security. The lease structure is fully net to the landlord, offering investors a passive investment with no day-to-day operational responsibilities. This location represents the only GoodLife Fitness branded club in the City of North Bay, establishing the Property as a true destination fitness facility within the trade area. Supported by a strong national covenant and long-term lease commitment, the North Bay GoodLife presents a secure investment opportunity within a stable Northern Ontario market.
Property Highlights
For Sale
MLS NO.
X12943574
Type
Commercial
Sub Type
Investment
Square Footage
21432.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12943574
Lot Width
277.9
Lot Size
0.84
Lot Size Units
Acres
Garage Type
Outside/Surface
Cooling
Yes
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
477 Main Street E, North Bay, ON P1B 1B6
City
North Bay
Neighbourhood
Central
County / Region
Nipissing
Province / State
ON
Postal Code
P1B 1B6
Cross Street
Main Street E & Regina Street
Directions
North-west corner of Main Street & Regina Street
Country
CA
List Price
$5,275,000
Annual Taxes
$113,212
Tax Year
2025
Legal Description
LT 39, 40, 41, 42 AND PT OF LT 38 AS IN NB147347 PL 10 WIDDIFIELD; NORTH BAY; DISTRICT OF NIPISSING
Possession Type
Flexible
Possession Details
TBD
Listing Office
LENNARD COMMERCIAL REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2026-04-01T13:38:38Z
Media Updated
2026-04-01T13:38:38Z
Photos Updated
2026-04-01T13:38:38Z
Last Modified
2026-04-01T13:38:38Z
System Modified
2026-04-01T13:38:38.525399Z
MLS Status
New
Co List Office Name
LENNARD COMMERCIAL REALTY
Ddfyn
No
Expiration Date
2026-09-15
Heat Type Multi
Gas Forced Air Open
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
491660285
Public Remarks
The offering represents a rare opportunity to acquire a freestanding retail asset fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations nationwide and approximately1.5 million members. The Property comprises 21,432 square feet and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. The asset is secured by a long-term corporate triple net lease expiring November 30, 2034, with two (2) additional 10-year renewal options, providing long-term income stability and tenancy security. The lease structure is fully net to the landlord, offering investors a passive investment with no day-to-day operational responsibilities. This location represents the only GoodLife Fitness branded club in the City of North Bay, establishing the Property as a true destination fitness facility within the trade area. Supported by a strong national covenant and long-term lease commitment, the North Bay GoodLife presents a secure investment opportunity within a stable Northern Ontario market.
