14 Milford Crescent, North Bay, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Ferris. Expertly crafted featuring premium brick and metal/steel siding construction, this residence presents an exceptional opportunity offered at $3,495,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 23 Bedrooms and 12 Bathrooms with 12 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 123 x 125 ft lot
- Ample parking with 0.0 garage spaces (13.0 total parking spaces)
- Notable attributes: Water Heater
- Efficient water heating via gas
Description
Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in.
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Property Summary
This multiplex located at 14 Milford Crescent, North Bay is currently for sale and has been available for 0 days. This property is listed at $3,495,000 with an estimated mortgage of $11,634* per month. It has 23 beds, 12 bathrooms, and is 5000 + square feet. 14 Milford Crescent, North Bay is in the Ferris neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 23 bedrooms and 12 bathrooms, this home offers ample space and comfort for growing families in Ferris, North Bay.
- â˘23 spacious bedroom layout offering versatile living space
- â˘12 well-appointed bathrooms
- â˘5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Ferris, North Bay.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Beach
- Public Transit
- Rec./Commun.Centre
- School Bus Route
- School
- Park
Interior Features
- Water Heater
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in North Bay?
If you are looking for a house in North Bay or researching North Bay real estate for sale, this 23-bedroom multiplex at 14 Milford Crescent, North Bay, ON offers an exceptional opportunity to buy a home in North Bay, Ontario. Whether you are a first-time North Bay home buyer or comparing active North Bay MLSÂŽ homes for sale, working with a dedicated North Bay buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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North Bay Buyer Budget & Costs
Estimated mortgage: $11,634*/month*. Estimated Ontario Land Transfer Tax: $73,850. First-time North Bay home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in North Bay
Frequently Asked Questions about 14 Milford Crescent, North Bay, ON
Q.What is the asking price for 14 Milford Crescent, North Bay, ON ?
The current listing price for 14 Milford Crescent, North Bay, ON in Ferris, North Bay is $3,495,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 23 bedrooms and 12 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 14 Milford Crescent, North Bay, ON ?
14 Milford Crescent, North Bay, ON is a Multiplex (3-Storey) featuring a None basement.
Q.What key property features does 14 Milford Crescent, North Bay, ON offer?
Key property features include: Beach, Public Transit, Rec./Commun.Centre, School Bus Route, School, Park.
Q.What interior features are included in this home?
Interior highlights include: Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 13.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Ferris, North Bay
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 14 Milford Crescent, North Bay, ON P1A 1M3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in North Bay, ON
For a property listed at $3,495,000 in North Bay, the legal minimum down payment is $699,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $73,850 for this transaction. As this listing is in North Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $73,850.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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