Property Information:

Positioned in the highly accessible West Ferris neighbourhood of North Bay off Lakeshore Drive, this purpose-built multi-residential investment property presents a compelling opportunity for investors seeking stable income potential in a prime waterfront-adjacent location. This raised brick bungalow comprises five self-contained units, including 1 one bedroom unit and 4 bachelor units. Ideally situated directly across from Lake Nipissing and along Jessup Creek, this property is zoned for a 5-plex as well as C7 offering a multitude of conversions including short-term rental. Just minutes along Lakeshore Drive, residents enjoy close proximity to shopping, restaurants, recreational facilities, transit routes, and public beach access, further enhancing long-term rental desirability. Set on a generous 51.84 FT x 100 FT lot, the property also offers ample on-site parking - a valuable asset for multi-unit residential holdings. With its strong location fundamentals, this is an exceptional opportunity to expand or strengthen a real estate investment portfolio. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 2098 sqft
Heating Type: Baseboard heaters
Cooling Type: None

Property Features:

Property Type: Multi-family
Bathrooms: 5
Amenities Nearby: Public Transit
Features: Irregular lot size, Conservation/green belt
Floor Space (approx): 2098 Square Feet
Irregular: Yes
Lot Depth: 100 Feet
Lot Frontage: 51.8 Feet
Lot Size: 0.17 Acres
Zoning: RM1 Sp.154, C7
No. of Parking Spaces: 10

Courtesy of: Revel Realty Inc. Brokerage

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Demographic Information of 668 LAKESHORE DRIVE, North Bay (Ferris), Ontario, P1A 2G2

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$97,359.39

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.2 %

High school certificate or equivalent

28.91 %

Apprenticeship trade certificate/diploma

6.2 %

College/non-university certificate

31.31 %

University certificate (below bachelor)

1.24 %

University Degree

14.14 %

Commuter

Travel To Work

By Car

89.09 %

By Public Transit

2.86 %

By Walking

5.4 %

By Bicycle

0.0 %

By Other Methods

2.65 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

17.23 %

Houses

82.77 %

668 LAKESHORE DRIVE, North Bay (Ferris), Ontario, P1A 2G2