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

MLS® # X13211498
Investment For Sale In North Bay (Ferris), Ontario
$489,900
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With Deck Patio Veranda
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With View
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With View
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With View
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With Body Of Water
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With Body Of Water
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With Deck Patio Veranda
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With View
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With View
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With View
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With Body Of Water
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor With Body Of Water
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor
668 Lakeshore Drive, North Bay (Ferris), ON - Outdoor
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668 LAKESHORE DRIVE, North Bay (Ferris), Ontario, P1A 2G2
$489,900

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
  • 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

REALTOR.ca  

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Market Price Trends

Single family detached

-0.36%

Price change (1 year)

47.3%

Price change (5 years)

All Properties

-0.4%

Price change (1 year)

45.23%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

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

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 %

Own Vs. Rent

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