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$549,000
Callander
978 Main Street North, Callander, Ontario, P0H1H0
This multi-family property in Callander is for sale offering roughly 1,750 sq ft of space. It has been on the market 15 days, fresher than the Callander average of 64 days.
In the heart of Callander, this property sits on a generous lot in one of the area's most sought-after locations. With easy access to amenities, and the beauty of Lake Nipissing, this is a location that continues to draw people to the region - and opportunities like this are increasingly rare.Currently operating as a duplex, this property offers far more than meets the eye and the upside here is significant. With the potential to convert to a legal triplex over time, pending township confirmation, the growth possibilities are truly exciting for the right buyer. The property is currently tenanted, providing immediate income from day one. Unit #1 is a spacious three-bedroom while Unit #2 is a beautifully refurbished two-bedroom. Whether you're a young professional looking to get into the market, a family seeking multi-generational living, or an investor looking to build equity while benefiting from rental income, the possibilities are impressive. It's also an ideal opportunity for professionals relocating to the North Bay area, offering the potential to offset mortgage payments with rental income while putting down roots in a new community. Low property taxes, an expansive lot, strong rental potential, and room to grow make this a standout opportunity in the Callander market. Properties offering this kind of flexibility and income potential are hard to find! Book your private showing today and discover the possibilities this property has to offer! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 64 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.4 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 5-bed multi-family in Callander has been listed for 15 days, which is 49 days fresher than the city average of 64. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $549,000, about 6.9× the local median household income of $80,000.
Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 34% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0H)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
