North Bay, Ontario P1A1Y1
2 beds · 3 baths · 2520 sqft
Welcome to 959 Memorial Drive, a recently renovated legal duplex a block away from North Bay’s famous Lake Nipissing waterfront, parks, beaches, events, shopping, bike path and more. This vacant solid bungalow has been renovated from top to bottom – gas boiler hot water heating system, 2 HRV systems, shingles, electrical, plumbing, insulation, sliding, eaves etc... The front unit is a 3bd with 1 full bath & 1 half bath and an open concept kitchen/living area, a huge master bedroom with walk out to deck and a big backyard. It rents for $2500 mth plus hydro. The back unit is a large one bedroom with full bath/laundry and open concept kitchen/living area with a separate deck overlooking the large back yard. It rents for $1700 mth plus hydro. The property is currently vacant so you can hand pick tenants and set the rents to the current low vacancy market. There’s extra income potential to rent the attached garage or have each tenant use it for storage. Parking can be set up at the front or you can drive around to the back yard. Siding and window capping will be down as soon as weather permits. New appliances in each unit included. All amenities – shopping, bank, grocery store, LCBO, movie theatre, restaurants, bike path, public bus route are within walking distance. Great opportunity to live in one unit and rent the other as a mortgage helper or start your rental portfolio today! (id:39198)
Year built 1936
Floor size 2520 sqft
Bedrooms 2
Bathrooms 3
Parking 4
NeighbourhoodFerris
Land size 0.156 ac|under 1/2 acre
Heating type Hot water radiator heat
Basement typeFull (Finished)
Parking Type
Time on REALTOR.ca12 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Home price
$499,900
Start with 2% down and save toward 5% in 3 years*
$4,547 / month
Rent $4,021
Savings $526
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 10% in 3 years*
$4,811 / month
Rent $3,898
Savings $913
Initial deposit 5%
Savings target Fixed at 10%