$499,000

For sale

Book a showing

840-842 Worthington Street East, North Bay (Central) - Multi-family for Sale

840-842 Worthington Street East, North Bay (Central), Ontario, P1B1J4

5 beds2 baths4 parking ft²

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

14 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

14 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

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$499,000

North Bay

Book a showing

46 × 132 ft (6,098 sq ft) lot size

Overview

This multi-family property in North Bay is for sale offering roughly 1,750 sq ft of space. It has been on the market 23 days, fresher than the North Bay average of 48 days.

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

Description

Recently renovated legal duplex in fantastic condition. Exterior and decks freshly painted. Both units feature renovated kitchens, new flooring, and fresh paint throughout. The main floor offers 3 bedrooms and a full unfinished basement, rented at $2,200 plus gas and hydro. The upper unit is rented at $1,600 plus gas and hydro. $3,800 in monthly rent, with tenants covering utilities. Nothing to do but collect. A strong addition to any investor's portfolio. (id:66096)

Property Details

MLS®: X13897060
Property Type: Multi-family
Zoning: RM1
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 46 × 132 ft (6,098 sq ft)
Frontage: 46 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Natural gas, Other
Cooling: None
Garage: No Garage
Property Tax: $3,698/yr
Listed: 23 days ago

Features

Appliances: Two stoves, Water Heater, Two Refrigerators
Foundation: Block
Exterior: Stucco, Vinyl siding

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

23d

North Bay (Central) listings, avg age

48d

Price / ft²

$285

List price

$499K

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 5-bed multi-family in North Bay (Central) has been listed for 23 days, which is 25 days fresher than the city average of 48. Act while there is still low competition.

Set a price alert Book a showing

Listed by REALTY EXECUTIVES PLUS LTD · GAUTAM KAPOOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1B)

This home lists at $499,000, about 7.6× the local median household income of $66,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 48% 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)

$499,000· $285/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$308/mo

Total monthly$2,936

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

Get Pre-Approved · Free & Fast

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