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$ 549,000
Est. payment /mo
New
668 Lakeshore DR North Bay, ON P1A 2G2
5 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Ferris
MLS Listing ID X13128034
Annual Tax Amount $3,977
Tax Year 2026
Property Sub-Type Investment
Property Description
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 Bachelor suite and 4 one bedroom 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.
Location
Province ON
County Nipissing
Area Nipissing
Zoning RM1 Sp.154, C7
Interior
Cooling No
Inclusions 5 fridges, 5 stoves
Exterior
Community Features Greenbelt/Conservation, Public Transit
Utilities Available Yes
Lot Frontage 51.84
Lot Depth 100.0
Building
Building Age 51-99
Others
ParcelsYN No
Listed by Revel Realty Inc. Brokerage