353 Regina Street

Nestled in the heart of North Bay, at 353 Regina Street, this remarkable Multi-Family Home for sale in North Bay is an exceptional opportunity for both investors and those keen on stepping onto the property ladder with the added benefit of substantial rental income. This spacious multiplex, boasting a classic brick exterior, is perfectly situated in a central community, making it an ideal location for tenants seeking convenience and accessibility.

The property features a generous layout, comprising a total of 13 rooms across its two-storey design. With seven bedrooms and three bathrooms, this Multi-Family Home for sale in North Bay offers ample space for families or groups of tenants. The standout feature is undoubtedly the expansive four-bedroom unit, which comes complete with a large three-piece bathroom and in-unit laundry facilities. Currently, this unit is rented out for a solid £1,850 per month, providing a reliable income stream for the savvy investor.

Moving onto the second unit, located on the main level, you'll find a delightful two-bedroom space that welcomes you with a spacious entrance foyer. This unit features a large living and dining area adorned with beautiful hardwood floors, creating a warm and inviting atmosphere. The updated three-piece bathroom adds a modern touch, while the full unfinished basement offers extra storage options and laundry facilities. This unit is currently rented for £1,650 per month, making it another attractive source of income.

At the rear of the property, the one-bedroom unit is a cosy retreat, currently rented for £775 per month. This unit has significant potential for rent increases as tenants vacate, further enhancing the investment appeal of this Multi-Family Home for sale in North Bay.

The property itself sits on a lot measuring 33 by 82 feet, providing a manageable outdoor space without the burden of excessive maintenance. Although there is no pool or garage, the private driveway accommodates up to three parking spaces, ensuring that tenants have convenient access to their vehicles.

In terms of amenities, the home is equipped with window air conditioning units, ensuring comfort during the warmer months. While there is no central vacuum system or family room, the property is connected to municipal water and sewer services, adding to the convenience of living in this central location. Internet access is also available, which is essential for modern living.

One notable aspect of this Multi-Family Home for sale in North Bay is its age, with the building being over 100 years old. This adds a certain charm and character that newer constructions often lack. Additionally, the roof was updated in 2025, providing peace of mind for potential buyers regarding future maintenance costs.

The unfinished basement presents an opportunity for further development, whether for additional storage or potential enhancements that could increase the overall value of the property. While the home is currently unfurnished, this allows new owners the freedom to personalise the space to their liking.

In summary, 353 Regina Street, North Bay, is a fantastic Multi-Family Home for sale in North Bay that combines spacious living with excellent rental potential. With its three distinct units, ample bedrooms, and prime location, this property is a golden opportunity for those looking to invest in the thriving Nipissing area. Whether you're an experienced landlord or a first-time buyer, this property promises a sound investment and a wonderful place to call home. Don't miss out on this chance to own a piece of North Bay real estate!

Central is a vibrant and bustling area nestled in the heart of North Bay, offering a delightful blend of urban convenience and natural beauty. This geographic enclave is characterised by its charming streets lined with local shops, cafes, and cultural attractions, making it an ideal spot for those who appreciate a lively atmosphere. Residents enjoy easy access to parks and waterfronts, providing ample opportunities for outdoor activities and relaxation. With a strong sense of local identity and a welcoming spirit, Central is an appealing choice for anyone looking to immerse themselves in the rich tapestry of North Bay life.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a 2.0 km radius, you'll find two notable secondary schools: Chippewa Secondary School, which offers both English and French language programs for grades 7 to 12, boasting an impressive school rating of 4.9. For younger students, Alliance Public School is just 2.0 km away, providing quality education from Junior Kindergarten to grade 6, with a solid rating of 4.5. Additionally, Mother St. Bride Catholic Elementary School is located only 1.4 km from the property, catering to grades JK to 8, although it currently has no rating. For those seeking Catholic education, St. Joseph-Scollard Hall, a secondary school for grades 9 to 12, is also within 2.0 km, alongside St. Luke Catholic Elementary School, which offers French language instruction for grades JK to 8 at a distance of 3.0 km. Overall, this area offers a diverse range of educational options, ensuring that families can find suitable schooling for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 407 residents, with an average household size of 2. The community has a relatively young demographic, with an average age of 36.6 years. Economic indicators show that the average household income is $45,200, with a significant portion of the population, 36%, classified as low-income. The average property price in the area is $240,000, making it an accessible option for many. A notable characteristic of the community is its high percentage of single individuals, accounting for approximately 69.86% of the population, while households with children represent 28.57%. The area has a predominantly rental market, with 85.71% of residents renting their homes and no condominiums present. Education levels are relatively high, with 47.69% of the population holding a college or university degree. However, there is also a significant portion of the population, 33.85%, not participating in the labor force. Interestingly, the area has no reported immigrants, suggesting a homogenous community. Overall, this demographic snapshot indicates a youthful, predominantly single, and economically challenged community with a strong rental market and a focus on education.