242 Princess Street, North Bay, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Central. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $389,900 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.
- 3 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 33 x 125 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
This legal non-conforming duplex with a third basement unit offers excellent potential for investors or for an owner-occupier looking to offset mortgage costs. The property features two self-contained 1-bedroom, 1-bathroom apartments, as well as an additional self-contained 1-bedroom 1 bathroom apartment, each with its own private entrance. The main floor and basement units are both generously sized, while the property provides parking for two vehicles. ESA and Fire Inspections were completed in December 2016 January 2017 for added peace of mind. Ideally situated in a central location, this property is close to schools, shopping, and scenic bike paths, making it a desirable choice for tenants and owners alike. Furnace 2023. New insulation in attic 2021. Full basement reno 2023.
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Pricing & Value Insights
Data-driven valuation for 242 Princess Street E, North Bay, ON P1B 1P9
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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 $389,900 in North Bay, the legal minimum down payment is $19,495 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 $4,324 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 $4,324.
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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.