Stairs for 523 First Ave, North Bay Ontario P1B 1K5
149 days on Market

523 First Ave, North Bay, Ontario P1B 1K5

Townhouse
-
9
~2000 sqft
$979,000
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Townhouse
-
9
~2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$489/sqft

Est. Mortgage$4,204/mo

Tax Amount (2024)$13,632/yr

Days On Market149 days


Description

Attention investors! This bright and clean 9 bachelor unit property has a gross income of $105,984 with the potential rent increase to $128000 without any renovations or extra expenses. The convenient location to downtown and transportation access to the hospital and university make this a desirable spot for students and single-working professionals. With a 0% vacancy rate, this gem is easy to rent with the bonus of low maintenance and easy management. 2023 Year expenses: gas $4434, Hydro $3063, Water/sewer $1953, INsurance $6719. This property is well-maintained and has had many updates over the past 6 years. Responsible tenants. All rents are paid on time online.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~2000 SqFt
Lot Size5,632 SqFt(128 x 44)
Parking Spaces6
MLS ®Number40684236
Community NameNorth Bay
Data SourceITSO
Listing byROYAL DYNASTY REAL ESTATE LTD.

Features

Heating: Baseboard, Electric, Natural Gas
Basement: Full, Finished

Features

Lot size: 5,632 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property listed by ROYAL DYNASTY REAL ESTATE LTD., Brokerage
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Market Data - North Bay

Geo Zone Map ThumbnailNorth Bay

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

55 days

Compared to

2024

23 days

2023

7 days

2022

12 days

New Listings

Past 30 days

2 listings

Compared to

2024

2 listings

2023

4 listings

2022

2 listings

Units sold

Past 30 days

3 units

Compared to

2024

3 units

2023

1 unit

2022

2 units

Median Sold Price

Past 30 days

$483,500

Compared to

2024

$365,000

2023

$235,000

2022

$340,000


Population and Demographics

Overview

Total population 51969
Average household income $105,004

Age (%)

65 and plus
22%
50 to 64
21%
20 to 34
20%
0 to 19
20%
35 to 49
17%

Household composition (%)

Single family
58%
Single person
36%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
83%
French
12%
English and French
2%
Others
2%

House tenancy (%)

Owners
59%
Renters
41%

Schools and amenities

Estimated Budget