$339,900

For sale

695 High Street, North Bay (Central) - Multi-family for Sale

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

3 beds2 baths3 parking1,300 ft²63 × 48 ft (2,969 sq ft) lot sizeListed 14 days ago

Overview

This multi-family property in North Bay is for sale offering roughly 1,300 sq ft of space. It has been on the market 14 days, fresher than the North Bay average of 47 days.

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Description

Located on the corner of Douglas and High Street, this income-generating duplex is perfectly positioned near all the amenities of downtown living. The property offers a two-bedroom unit upstairs and a spacious one-bedroom unit on the main floor with a rec room that could be used as a second bedroom. The main floor currently leased until January 2027. Features include a shared basement storage/workshop and area accessible to both tenants, a side courtyard and shed for added convenience. Recent improvements include Thermo CorkShield exterior finishing, a new furnace (2020), new roof (2024) updated main floor bathroom flooring, and sleek quartz countertops in the main floor kitchen. Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this duplex offers the ideal mix of character, updates, and location. Main level photos are staged when it was previously vacant. (id:66096)

Property Details

MLS®: X14102904
Property Type: Multi-family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 63 × 48 ft (2,969 sq ft)
Frontage: 63 ft
Storeys: 2
Basement: Partially finished, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $2,842.27/yr
Listed: 14 days ago

Features

Appliances: Dryer, Two stoves, Two Washers, Two Refrigerators
Foundation: Block

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

North Bay (Central) listings, avg age

47d

Price / ft²

$261

List price

$340K

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 3-bed multi-family in North Bay (Central) has been listed for 14 days, which is 33 days fresher than the city average of 47. Act while there is still low competition.

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

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1B)

This home lists at $339,900, about 5.2× the local median household income of $66,000.

Carrying it typically needs a household income of about $66,394 (20% down, 25-yr amortization, stress-tested) — roughly 1% 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)

$339,900· $261/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,995

Min 5%50%

Mortgage payment$1,790/mo

↳ CMHC premium ($12,916 capitalized)

Property tax (est.)$237/mo

Total monthly$2,027

Cash Needed to Close

Down payment (5%)$16,995

Land transfer tax$3,574

Est. closing costs$3,520

Total cash needed$24,089

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