444 Second Avenue E

Attention all investors! If you’re on the lookout for a promising opportunity, then look no further than this Multi-Family Home for sale in North Bay . Nestled at 444 Second Avenue E, North Bay, this legal duplex is a fantastic investment that boasts two well-appointed 2-bedroom, 1-bathroom units, each equipped with separate hydro meters. This setup not only offers the potential for lucrative rental income but also provides a comfortable living space for those looking to reside in a vibrant community.

Situated in the heart of Central North Bay, this property is part of the Nipissing area, making it a prime location for both tenants and homeowners. The building itself is a multiplex with a charming 1 1/2 storey style, clad in durable vinyl siding that enhances its curb appeal. The lot measures a generous 33 X 132 feet, providing ample outdoor space, although there is no pool or garage included. However, the private driveway accommodates two parking spaces, ensuring convenience for residents and guests alike.

Inside, you’ll find a total of 10 rooms, including two kitchens that make meal preparation a breeze. The layout is functional and modern, having been fully renovated down to the studs in 2019. Each unit features comfortable living spaces, and the front unit is currently tenanted, which means you can start earning rental income right away. The back unit, on the other hand, is vacant and ready for new tenants at market rent, giving you the flexibility to choose your ideal occupants.

While this Multi-Family Home for sale in North Bay does not come with air conditioning or a central vacuum system, it does feature forced air heating to keep you warm during those chilly winter months. The property is connected to municipal water and sewer, making it easy to manage your utilities. The unfinished crawl space basement offers additional storage options, although it’s not currently developed for living space.

It’s worth noting that this property is unfurnished, allowing new owners the freedom to style and furnish the units to their taste. With four bedrooms and two bathrooms in total, this duplex is perfect for families or groups of friends looking to share living expenses while enjoying the benefits of a well-maintained home.

As you consider this Multi-Family Home for sale in North Bay, keep in mind that its age—over 100 years—adds a unique character and charm that newer builds often lack. This historical aspect, combined with modern renovations, creates a delightful blend of old and new, appealing to a wide range of potential tenants.

The location at 444 Second Avenue E, North Bay, is another highlight. Being in a central community means you’re close to local amenities, shops, and services, making life convenient for both residents and tenants. Whether you’re an investor looking to expand your portfolio or a homeowner seeking a property that can generate income, this duplex presents an exceptional opportunity.

In summary, this Multi-Family Home for sale in North Bay at 444 Second Avenue E, North Bay, offers a solid investment with two separate living units, modern finishes, and a prime location in the Central community. With its potential for immediate rental income and the ability to attract new tenants, it’s an opportunity not to be missed.

Central is a vibrant and bustling area located in the heart of North Bay, Ontario, offering a delightful blend of urban convenience and natural beauty. This geographic hub is characterised by its diverse mix of shops, restaurants, and cultural attractions, making it an ideal place for those who appreciate a lively atmosphere. Residents enjoy easy access to parks and waterfront areas, perfect for leisurely strolls or outdoor activities. With excellent public transport links and a strong sense of local identity, Central provides a welcoming environment for newcomers looking to immerse themselves in the charm and community spirit of North Bay.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The nearest elementary school, Alliance Public School, is just 1.7 km away and offers grades JK to 6 under the Near North District School Board, with a school rating of 5.2. For secondary education, Chippewa Secondary School, also 1.7 km from the property, provides both English and French programs for grades 7 to 12, holding a rating of 5.1. Additionally, Mother St. Bride Catholic Elementary School and St. Joseph-Scollard Hall Catholic Secondary School, both under the Nipissing-Parry Sound Catholic District School Board, are located within 1.2 km and 1.7 km respectively, though they currently do not have a school rating. For those interested in French-language education, St. Luke Catholic Elementary School is available 2.8 km away. Overall, this area offers a variety of schooling options in both English and French, catering to different educational needs and preferences, ensuring that families have access to quality education within a short distance from home.