39 Principale Street W

Introducing a remarkable opportunity with this house for sale in West Nipissing , located at 39 Principale Street W, West Nipissing. This property, situated in the family-friendly community of Verner, boasts a unique design as a detached 1 1/2 storey building, making it an ideal choice for families or investors alike. The house is set on a generously sized lot measuring 66 by 132 feet, providing ample outdoor space for various activities.

The house for sale in West Nipissing features two above-grade, side-by-side units, each equipped with its own laundry facilities and efficient forced air gas heating. The front and back units offer a spacious living environment, with the back unit extending over two floors, perfect for larger families or those seeking extra space. This property presents a fantastic opportunity to live in one unit while renting out the other, allowing you to benefit from rental income that can significantly contribute towards your mortgage payments.

Previously, this property was rented for an impressive $2,700 per month, resulting in an annual rental income of approximately £32,400. With property taxes averaging nearly £100 per month and low utility bills, this house for sale in West Nipissing is a strong cash-flowing investment, boasting a near 10 cap rate. The current vacant status of both units means you have the flexibility to set your own rental prices, making it an even more appealing investment opportunity.

The exterior of the house features durable vinyl siding, ensuring low maintenance and longevity. Inside, the house comprises a total of eight rooms, including two bedrooms and two bathrooms, providing comfortable living spaces for families or tenants. While there is no den or additional rooms, the layout of the house is designed to maximise functionality. The absence of a central vacuum system and garage space is compensated by the ample parking available, accommodating up to four vehicles, which is particularly beneficial for larger families or guests.

The house for sale in West Nipissing is equipped with window air conditioning units, ensuring comfort during the warmer months. Although there is no fireplace or swimming pool, the property includes a family room that serves as a perfect gathering space for relaxation and entertainment. Additionally, the house is unfurnished, allowing new owners to personalise the space according to their tastes and preferences.

Situated within a welcoming community, the property is conveniently located within walking distance to essential amenities, including grocery and convenience stores, an elementary school, an arena, and a golf course. This accessibility adds to the appeal of the house for sale in West Nipissing, making it an excellent choice for families seeking a vibrant neighbourhood.

For those who enjoy outdoor activities, the location offers easy access to various recreational facilities, ensuring that residents can engage in a variety of pursuits. The property is also just under an hour's drive from both Sudbury and North Bay, providing additional options for shopping, dining, and entertainment.

In summary, 39 Principale Street W, West Nipissing, presents a unique opportunity to own a versatile property in a desirable location. With its dual units, generous lot size, and potential for rental income, this house for sale in West Nipissing is a rare find. Whether you are looking to invest or seeking a family home, this property is worth considering. Opportunities like this, priced right, do not come up often, so do not miss your chance to explore what this exceptional house has to offer.

Verner, a charming community nestled within the municipality of West Nipissing, offers a picturesque setting characterised by its serene landscapes and close-knit atmosphere. This quaint locale is surrounded by lush forests and tranquil waterways, making it an ideal spot for nature enthusiasts and those seeking a peaceful retreat. With a rich history and a blend of cultural influences, Verner boasts a welcoming environment where residents can enjoy a slower pace of life while still having access to essential amenities and recreational activities. The community's strong sense of identity and friendly residents create a warm atmosphere, making it a delightful place to call home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 957 residents, with an average household size of 2.3 people. The demographic profile indicates a mature community, with an average age of 45.4 years. The average household income stands at $86,400, reflecting a relatively affluent population, although 13.6% of residents are classified as low-income. The average property price in the area is $284,000, making it accessible for many families and individuals. Approximately 31.88% of the population is single, while 35% of households include children, indicating a family-friendly environment. The community is diverse, with 2.72% of residents being immigrants. Renters comprise 15.19% of the population, and there are no condominiums reported in the area. Educational attainment is high, with over half (52.32%) of residents holding a college or university degree. However, a significant portion of the population (37.75%) is not in the labor force, which may impact the local economy. Overall, this demographic snapshot highlights a stable, educated community with a mix of families and singles, making it an appealing location for potential homeowners.