243 Princess Street E

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in North Bay , located at 243 Princess Street E, North Bay. This well-appointed duplex, situated in the heart of the Central community, offers an impressive living space with a wealth of potential for both investors and families seeking a multi-generational home. With its prime location and recent renovations, this property stands out in the vibrant Nipissing area.

The property at 243 Princess Street E, North Bay, boasts a generous lot size of 52 X 132 feet, providing ample outdoor space for various activities. The building itself is a multiplex designed in a charming 1 1/2 storey style, clad in durable vinyl siding that ensures both aesthetic appeal and low maintenance. Having undergone extensive renovations in 2022, this Multi-Family Home for sale in North Bay features significant updates to plumbing, electrical systems, and the roof, along with new windows and separate hydro meters. The interior has been completely gutted to the studs, resulting in a fresh and modern living environment that is ready for new occupants.

Inside, this property comprises a total of nine rooms, including two well-appointed kitchens that are perfect for accommodating multiple families or tenants. The configuration includes a one-bedroom unit at the back, which is currently rented for $1,250 per month plus hydro, and a two-bedroom unit at the front, bringing in $1,400 per month inclusive of hydro. Both units are rented on a month-to-month basis, providing flexibility for future owners. This aspect makes the Multi-Family Home for sale in North Bay an attractive investment opportunity, with strong rental income potential.

The living arrangements within the duplex are designed for comfort and convenience. With three bedrooms distributed between the two units, there is ample space for families or individuals. Although there is no den, family room, or additional rooms, the layout is functional and efficient. The absence of a central vacuum system and air conditioning is offset by the property’s overall appeal and the quality of the recent renovations. The heating is provided by a baseboard system, ensuring warmth during the colder months.

For those who appreciate outdoor space, the property does not include a pool, but the large lot offers plenty of room for gardening, recreational activities, or simply enjoying the fresh air. Parking is available for up to four vehicles, which is a significant advantage in this bustling area. The absence of a garage and driveway is compensated by the generous parking space, making it easy for residents and visitors alike.

The location of 243 Princess Street E, North Bay, is another key selling point. Nestled in a central community, it offers easy access to local amenities, schools, and public transport. Residents can enjoy the convenience of municipal water and sewer services, ensuring a hassle-free living experience. Additionally, the property benefits from internet connectivity, catering to the needs of modern living.

In summary, this Multi-Family Home for sale in North Bay is a unique offering that combines a prime location with significant investment potential. The property at 243 Princess Street E, North Bay, has been meticulously renovated and is ready for new owners to take advantage of its many features. Whether you are looking to invest in a rental property or seeking a spacious home for your family, this duplex presents an excellent opportunity in the Nipissing area. Don’t miss your chance to own this exceptional property, perfectly suited for those seeking a Multi-Family Home for sale in North Bay.

Central is a vibrant and accessible neighbourhood nestled in the heart of North Bay, Ontario. Characterised by its charming blend of residential areas, local shops, and recreational facilities, it offers a welcoming atmosphere for both families and individuals alike. The community is well-connected by public transport, making it easy to explore the wider city and enjoy the beautiful natural surroundings, including nearby parks and waterfronts. With a variety of amenities such as cafes, schools, and healthcare services, Central provides a convenient and engaging lifestyle, perfect for those looking to settle in a friendly and dynamic environment.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, making it a great choice for families. Within a short distance of approximately 1.0 to 2.4 km, you'll find a variety of schools catering to different educational needs. The Alliance Public School, an elementary institution under the Near North District School Board, offers grades JK to 6 and boasts a commendable rating of 4.5. For secondary education, Chippewa Secondary School, also part of the Near North District School Board, provides English instruction for grades 7 to 12 and has an impressive rating of 4.9. Additionally, there is a French-language program available at the same school, ensuring diverse language options. For those interested in Catholic education, Mother St. Bride Catholic Elementary School and St. Joseph-Scollard Hall Catholic Secondary School are nearby, though they currently do not have ratings available. St. Luke Catholic Elementary School offers French instruction for younger students. Overall, this area presents a well-rounded selection of educational opportunities, making it an attractive location for families prioritizing access to quality schooling.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 361 residents, with an average household size of 1.7 individuals. The community is characterized by a relatively mature demographic, with an average age of 51.8 years. The average household income stands at $66,500, although 20% of the population is classified as low-income. The housing market shows an average price of $236,000, indicating a potentially affordable option for prospective buyers. Notably, a significant portion of the population, 64.18%, is single, and only 18.75% of households include children, reflecting a predominantly adult demographic. Additionally, 59.09% of residents are renters, and there are no condominiums in the area. The community is also home to a modest immigrant population of 3.75%. Education levels are relatively high, with 45.95% of residents holding a college or university degree. However, a considerable 44.59% of the population is not in the labor force, suggesting potential challenges in employment opportunities. Overall, this area presents a unique blend of demographics that may appeal to specific buyer segments, particularly those seeking a quieter, more mature community.