$699,900

$729,000For salePrice drop↓ $29,100 (4%)

2261 Peninsula Road, North Bay (Birchaven) - Single Family for Sale

2261 Peninsula Road, North Bay (Birchaven), Ontario, P1B8G4

1 bed1 bath4 parking350 ft²75 × 295 ft (22,125 sq ft) lot sizeListed 20 days ago

Overview

This 1-bedroom, 1-bathroom home in North Bay is for sale offering roughly 350 sq ft of space. Its $699,900 asking price sits right in line with the $699,900 median in North Bay. It has been on the market 20 days, fresher than the North Bay average of 64 days.

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Description

Is this the waterfront home for you to move onto Trout Lake; perhaps expand in the future? Drive down the paved Peninsula Road to this recently renovated bungalow on Trout Lake. Owner has invested in a steel roof, vinyl siding with 2-inch insulation, natural lighting, newer windows, and a Skylight. The interior is finished in natural wood finishes and has Patio doors from the spacious open-concept living and dining room to the deck overlooking Trout Lake. Vaulted ceilings accent the natural wood finishes. The owner has invested in new lower cupboards in the kitchen, with sink and countertop recently installed. There is a 3-piece bathroom with a new shower, and one bedroom.The Heat pump provides the heat and the airc onditioning! A gentle slope down to the lake. For your fun on the lake, a newer composite dock to launch from with a kayak launch for convenience. On the landscaped yards there are 2 sheds for storage. There is a spacious "Art Studio" by the home which is which is insulated and wired. The .7 acre property, expands to the other side of Peninsula Road, which is marked off . The home is close to snowmobile and hiking trails. Invest today, and perhaps expand in the future. (id:66096)

Property Details

MLS®: X14080700
Property Type: Single Family
Zoning: RRL with SPC
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 350 ft²
Lot Size: 75 × 295 ft (22,125 sq ft)
Frontage: 75 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Heat Pump, Baseboard heaters, Electric
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 2.62 x 3.15 meters
Living room: 6.91 x 3.53 meters
Primary Bedroom: 3.43 x 2.31 meters
Bathroom: 1.45 x 1.62 meters

Other

Other: 7 x 3.04 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Water purifier, Stove, Water Heater
Foundation: Block
Exterior: Vinyl siding
Lot Features: Irregular lot size, Level, Hilly, Carpet Free

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity, Wireless, Natural Gas Available

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

North Bay (Birchaven) listings, avg age

64d

Price / ft²

$2,003

List price

$700K

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 1-bed single family in North Bay (Birchaven) has been listed for 20 days, which is 44 days fresher than the city average of 64. Act while there is still low competition.

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

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1B)

This home lists at $699,900, about 10.6× the local median household income of $66,000.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 107% 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)

$699,900· $2,003/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$439/mo

Total monthly$4,070

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,063

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