$729,000

$749,000For salePrice drop↓ $20,000 (3%)

517 Fisher Street South, North Bay (Central), Ontario, P1B2E4

7 bd3 ba2 pk350 ft²Lot size 43 × 66 ft (2,838 sq ft)

Listed by Revel Realty Inc. Brokerage

608-618 Lorne Avenue, North Bay (Central), Ontario, P1B6X2

For sale

14 days ago

$2.95M

608-618 Lorne Avenue, North Bay (Central), Ontario, P1B6X2

22 bd11 ba15 pk5,000 ft²Lot size 125 × 96 ft (12,000 sq ft)

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

860 Worthington Street East, North Bay (Central), Ontario, P1B1J4

For sale

15 days ago

$950K

860 Worthington Street East, North Bay (Central), Ontario, P1B1J4

8 bd4 ba8 pk4,250 ft²Lot size 60 × 132 ft (7,920 sq ft)

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

695 High Street, North Bay (Central), Ontario, P1B6R9

For sale

15 days ago

$340K

695 High Street, North Bay (Central), Ontario, P1B6R9

3 bd2 ba3 pk1,300 ft²Lot size 63 × 48 ft (2,969 sq ft)

Listed by Century 21 Blue Sky Region Realty Inc., Brokerage

Investment analysis

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$729,000

North Bay

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1150 Ferguson Street, North Bay (Central) - Multi-family for Sale

1150 Ferguson Street, North Bay (Central), Ontario, P1B1Y6

3,500 ft²72 × 87 ft (6,264 sq ft) lot sizeListed 89 days ago

Overview

This multi-family property in North Bay is for sale offering roughly 3,500 sq ft of space.

Multi-Family Properties for Sale in North Bay →All real estate in North Bay →

Description

This well-maintained and managed six-plex offers a prime investment opportunity in a central location. Featuring a balanced unit mix of three spacious two-bedroom units and three comfortable one-bedroom units, this property appeals to a wide range of tenants and ensures strong rental demand. Situated close to amenities, public transit, shopping, schools, and downtown services, tenants enjoy easy access to everything they need, making this a consistently attractive rental property. This property presents a solid income-generating opportunity, almost 8% CAP Rate, with stable tenancy potential in a central area. Whether you're expanding your portfolio or entering the multi-family market, this six-plex is a smart, turnkey investment. (id:66096)

Property Details

MLS®: X13651446
Property Type: Multi-family
Business Type: Residential
Zoning: RM2 SP85
Interior Size: 3,500 ft²
Lot Size: 72 × 87 ft (6,264 sq ft)
Frontage: 72 ft
Heating: Hot water radiator heat, Natural gas
Cooling: None
Property Tax: $6,185/yr
Listed: 89 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

89d

North Bay (Central) listings, avg age

48d

Price / ft²

$208

List price

$729K

Homes here sell faster than most markets

Sold homes in this market spent an average of 27 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 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This multi-family in North Bay (Central) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage Northern Life Realty, Brokerage · JOHN SYMONS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1B)

This home lists at $729,000, about 11.0× the local median household income of $66,000.

Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 116% above the area median.

Median household income: $66,000
Population: 33,113
Median age: 44.4
Owner / renter: 57% / 43%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P1B)

$729,000· $208/ft²

For sale

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Full Cost Breakdown

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Down Payment6.57% · $47,900

Min 6.57%50%

Mortgage payment$3,776/mo

↳ CMHC premium ($27,244 capitalized)

Property tax (est.)$515/mo

Total monthly$4,292

Cash Needed to Close

Down payment (6.57%)$47,900

Land transfer tax$11,055

Est. closing costs$4,687

Total cash needed$63,642

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