2361 Trout Lake Road, North Bay, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Birchaven. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $249,900 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.
- 4 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 90 x 255 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Water Meter
- equipped with central air central cooling and highly efficient forced air heating via electric
Description
Builders and Investors take note! 2361 Trout Lake Road is a fantastic investment opportunity situated on a generous 90' x 255' R2-zoned lot in a highly convenient location. Whether you're an investor, developer, or buyer looking for a project, this property offers exceptional potential. The existing bungalow features 3+1 bedrooms and 1 bathroom and is currently occupied by long-term tenants. With R2 zoning, the property may accommodate up to four residential units, subject to the City of North Bay's zoning by-laws and applicable approvals, making it an excellent option for future redevelopment or income generation. Ideally located on a main bus route and just minutes from Northgate Shopping Centre, grocery stores, pharmacies, schools, and other everyday amenities, this property combines convenience with outstanding future potential. Alternatively, those with a vision can restore the existing home to its former glory and create a wonderful family residence on an oversized lot. Properties offering this combination of lot size, zoning, location, and opportunity are becoming increasingly rare. Don't miss your chance to unlock the potential of this unique property. Offered at $249,900
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Pricing & Value Insights
Data-driven valuation for 2361 Trout Lake Road, North Bay, ON P1B 7S8
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About Purchasing a Home in North Bay, ON
For a property listed at $249,900 in North Bay, the legal minimum down payment is $12,495 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 $2,224 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 $2,224.
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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.