668 LAKESHORE DRIVE, North Bay (Ferris) - Laframboise Team Ontario P1B

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668 LAKESHORE DRIVE, North Bay (Ferris)

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668 LAKESHORE DRIVE, North Bay (Ferris)

668 LAKESHORE DRIVE, North Bay (Ferris), Ontario, P1A2G2

$489,900

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Property ID :

 29821858

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Bathrooms
5
Area
2098 sqft
Lot Size
0.1729 acres
Courtesy of JESSICA DIGGLES of Revel Realty Inc. Brokerage

Description • 668 LAKESHORE DRIVE, North Bay (Ferris)

Positioned in the highly accessible West Ferris neighbourhood of North Bay off Lakeshore Drive, this purpose-built multi-residential investment property presents a compelling opportunity for investors seeking stable income potential in a prime waterfront-adjacent location. This raised brick bungalow comprises five self-contained units, including 1 one bedroom unit and 4 bachelor units. Ideally situated directly across from Lake Nipissing and along Jessup Creek, this property is zoned for a 5-plex as well as C7 offering a multitude of conversions including short-term rental. Just minutes along Lakeshore Drive, residents enjoy close proximity to shopping, restaurants, recreational facilities, transit routes, and public beach access, further enhancing long-term rental desirability. Set on a generous 51.84 FT x 100 FT lot, the property also offers ample on-site parking – a valuable asset for multi-unit residential holdings. With its strong location fundamentals, this is an exceptional opportunity to expand or strengthen a real estate investment portfolio. (id:54164)

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