$345,000

For sale

517 Fisher Street South, North Bay (Central) - Multi-family for Sale

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

7 beds3 baths2 parking350 ft²43 × 66 ft (2,838 sq ft) lot sizeListed 10 days ago

Overview

This multi-family property in North Bay is for sale offering roughly 350 sq ft of space. It has been on the market 10 days, fresher than the North Bay average of 49 days.

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Description

Turnkey Duplex Investment Opportunity - Renovated, Pre-Inspected & Income Producing!Looking for a move-in-ready investment with major upgrades already completed? This extensively renovated, pre-inspected duplex offers excellent income potential, peace of mind, and outstanding value in a desirable North Bay neighbourhood.Unit 1 is currently tenanted, generating approximately $900/month in rental income, providing immediate cash flow for investors or an excellent mortgage helper for owner-occupants.Unit 2 has been fully renovated in 2026 and features:6 spacious rooms1 modern kitchen2 full bathroomsBright and refreshed living spacesVacant and ready for your own tenant or personal occupancyMajor Recent Improvements:2024: Attic extension with additional living space and new bathroom2025: Fire safety upgrades2025: Plumbing repairs and updates2026: Complete renovation of Unit 2, including a brand-new kitchen, updated bathrooms, flooring, fixtures, and refreshed interior finishesFor added confidence, the property has been professionally pre-inspected, allowing buyers to purchase with transparency and peace of mind.Average Monthly Utility Costs (July):Enbridge Gas: $56.28North Bay Hydro (Unit 1): $85.84North Bay Hydro (Unit 2): $46.11North Bay Water: $76.79Reliance Home Comfort: $156.24Whether you're adding to your investment portfolio, house hacking, or searching for a property with strong rental potential, this duplex checks all the boxes. With extensive renovations, an existing tenant providing immediate income, a beautifully updated second unit, and a completed pre-inspection, this is a rare turnkey opportunity. (id:66096)

Property Details

MLS®: X14118856
Property Type: Multi-family
Zoning: R6
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 3
Parking: 2
Interior Size: 350 ft²
Lot Size: 43 × 66 ft (2,838 sq ft)
Frontage: 43 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,206/yr
Listed: 10 days ago

Rooms

Main level

Living room: 3.73 x 3.69 meters
Bedroom: 4.24 x 3.64 meters
Kitchen: 3.44 x 2.65 meters
Bathroom: 2.34 x 1.67 meters

Upper Level

Bedroom 2: 3.71 x 2.55 meters
Bedroom 3: 3.23 x 3.17 meters
Bathroom: 2.52 x 1.38 meters
Bedroom: 2.82 x 2.62 meters

Second level

Bedroom: 3.69 x 2.6 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

North Bay (Central) listings, avg age

49d

Price / ft²

$987

List price

$345K

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 7-bed multi-family in North Bay (Central) has been listed for 10 days, which is 39 days fresher than the city average of 49. Act while there is still low competition.

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Listed by Revel Realty Inc. Brokerage · ROHIT TRIPATHI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1B)

This home lists at $345,000, about 5.2× the local median household income of $66,000.

Carrying it typically needs a household income of about $67,391 (20% down, 25-yr amortization, stress-tested) — roughly 2% 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)

$345,000· $987/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,250

Min 5%50%

Mortgage payment$1,817/mo

↳ CMHC premium ($13,110 capitalized)

Property tax (est.)$267/mo

Total monthly$2,084

Cash Needed to Close

Down payment (5%)$17,250

Land transfer tax$3,650

Est. closing costs$3,535

Total cash needed$24,435

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice