840-842 Worthington Street E

Introducing a remarkable opportunity: a Multi-Family Home for sale in North Bay , located at 840-842 Worthington Street E E, North Bay. This splendid property, a legal duplex, boasts a prime location in the heart of the Central community of North Bay, within the Nipissing area. The building, a well-maintained 2-storey multiplex, presents an excellent investment prospect for those looking to expand their portfolio or for families seeking a spacious residence with rental potential.

The exterior of this Multi-Family Home for sale in North Bay features a combination of stucco (plaster) and vinyl siding, giving it a modern yet classic appearance. Recently, the building and its decks have been revitalised with fresh paint, enhancing its curb appeal. The property sits on a generous lot measuring 46 x 132 feet, providing ample outdoor space for potential tenants or family gatherings.

This property comprises two distinct units, each with its own character and charm. The main floor unit is a spacious three-bedroom accommodation, complete with a full unfinished basement that offers additional storage or potential for further development. The current tenant, who has maintained the unit in impeccable condition, is keen to remain, providing a steady rental income of £2000 per month, exclusive of gas and hydro. This is an attractive feature for any prospective buyer of this Multi-Family Home for sale in North Bay.

The upper unit, currently vacant, is another highlight of this property. With its renovated kitchen and modern finishes, it is expected to command a rental price of between £1400 and £1500 per month, also excluding gas and hydro. This dual-income potential makes the property an enticing prospect for investors or families looking to offset their mortgage costs.

Inside, both units of this Multi-Family Home for sale in North Bay have been thoughtfully renovated, featuring two kitchens that are well-equipped for modern living. The interiors are adorned with new flooring and fresh paint throughout, creating a welcoming atmosphere. While there is no central vacuum system, air conditioning, or fireplace, the property is equipped with municipal water and sewer services, ensuring convenience for its occupants.

The total number of rooms in the property amounts to nine, with five bedrooms distributed across the two units. Notably, there is no den or family room, but the spacious layout allows for comfortable living. The absence of a pool and garage space should be noted; however, the property offers reserved/assigned driveway parking for up to four vehicles, making it suitable for families or tenants with multiple cars.

The age of the building, ranging from 51 to 99 years, adds character and historical significance to the property. Its location at 840-842 Worthington Street E E, North Bay, places it within a vibrant community, with access to local amenities, schools, and recreational facilities. This is a significant advantage for potential tenants or families residing in this Multi-Family Home for sale in North Bay.

In summary, this Multi-Family Home for sale in North Bay is an exceptional property that combines modern renovations with the charm of a historic building. With its prime location, dual rental potential, and well-maintained condition, it represents a unique opportunity for both investors and families. Do not miss the chance to explore this fantastic property at 840-842 Worthington Street E E, North Bay, and envision the possibilities it holds for your future.

Central, located in the heart of North Bay, is a vibrant and accessible area that seamlessly blends urban convenience with a touch of natural beauty. This geographic hub boasts a diverse array of amenities, including shops, cafes, and cultural attractions, all within walking distance. The picturesque waterfront along Lake Nipissing offers stunning views and recreational opportunities, while well-maintained parks provide green spaces for relaxation and leisure. With its rich history and a welcoming atmosphere, Central serves as a dynamic focal point for both residents and visitors, making it an appealing choice for anyone considering a move to North Bay.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The nearest elementary school, Alliance Public School, is just 2.4 km away and offers grades JK to 6 under the Near North District School Board, boasting a commendable rating of 4.5. For secondary education, Chippewa Secondary School is available in both English and French, located only 2.3 km from the property, and has an impressive rating of 4.9. Additionally, there are Catholic schooling options nearby, including Mother St. Bride Catholic Elementary School and St. Joseph-Scollard Hall Catholic Secondary School, both within a 2.4 km radius, although they currently do not have a rating. St. Luke Catholic Elementary School, offering French instruction, is slightly further at 3.5 km. Overall, the area is well-served by a variety of educational institutions, ensuring that children have access to quality education in both public and Catholic systems. This diverse educational landscape provides potential buyers with peace of mind regarding their children's schooling needs.