251 Victoria Street, North Bay, ON
Property no longer active
This property was sold on May 29, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Central. Expertly crafted featuring premium vinyl siding and metal/steel siding construction, this residence presents an exceptional opportunity offered at $699,900 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.
- 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 66 x 125 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available
- Notable attributes: Carpet Free, Storage, Water Heater
- Efficient forced air heating via gas
Description
This outstanding fourplex has been meticulously maintained and improved over the owners' almost 20 years living on the property. Apt. 1 is 2 bedrooms with a 3-piece bathroom earning $1750. Apt. 2 is 1 bedroom with 3-piece bathroom earning $1500. Apt. 3 is 2 bedrooms with a 4-piece bathroom earning $1950. Apt. 4 has been the owners' suite, with 2 bedrooms, a 3-piece bathroom, laundry, access to the basement and control of the furnace and thermostat. It is currently rented for $1200 on a shared space basis with tenant mowing lawn and clearing snow. Apt. 4 has exclusive use of large fully-fenced private back yard with gate, shed, garden beds, clothesline with platform and gate access to back lane. Each apartment has its own entrance and outside sitting area. All windows have been replaced within the past 20 years. Exterior styrofoam insulation was added before installing new vinyl and metal siding. Other upgrades include new outside decking and flower boxes (2022), new furnace (Dec. 2020), new roof boards and shingles with 10' ice and water shield (Oct. 2021). The building is clean, quiet and non-smoking. Two tenants have allergies to pets, so no pets have been allowed. There is parking for 7 (including 2 spots for owner). The street is quiet. Walking distance to Tim's and Twigg's, the beach, public library, downtown shops and eateries, schools and daycares, Food Basics and Shopper's Drug Mart, YMCA, Boart Longyear Memorial Gardens, Thomson Park and Northgate Shopping Centre. Hydro is not separately metered but upper two apartments have panel boxes in place. Stacked washer/dryer could possibly be made separate from Apt. 4 with coin-op income. Gross income in 2024 was $76,800; expenses were $17,904.26 including a 5% vacancy provision, leading to annual net operating income of $58,895.74 and a cap rate of 8.4. If Apt. 4 were rented for $2200 (i.e., an additional $12,000 a year), the cap rate would be 10.1. This income property is being offered for sale at $699,900.
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Property Summary
This fourplex located at 251 Victoria Street, North Bay is currently for sale and has been available on SousaSells for 434 days. This property is listed at $699,900 with an estimated mortgage of $2,330* per month. It has 7 beds, 4 bathrooms, and is 3000-3500 square feet. 251 Victoria Street, North Bay is in the Central neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Lake/Pond, Park, Place Of Worship, Rec./Commun.Centre, Fenced Yard
Interior Features
Carpet Free, Storage, Water Heater, Upgraded Insulation
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 251 Victoria Street W, North Bay, ON P1B 6B6
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 $699,900 in North Bay, the legal minimum down payment is $44,990 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 $10,473 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 $10,473.
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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.