253 Second Avenue, North Bay, ON
Property no longer active
This property was sold on November 6, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Central. Expertly crafted featuring premium brick and wood construction, this residence presents an exceptional opportunity offered at $159,900 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 0 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 33 x 132 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- Efficient forced air heating via gas
Description
This property is zoned C2 commercial with permitted single-family residential use, offering exceptional flexibility for a variety of future uses. The existing home has been impacted by a fire and has been stripped down to the studs, presenting a blank canvas for renovation or redevelopment.An excellent opportunity for investors, contractors, or experienced renovators, this property is ideal for those looking to restore, flip, or repurpose a structure in a highly adaptable zoning area. Now is the perfect time to consider exploring alternative uses for the site.Currently, the home does not include a kitchen or bathrooms. However, the electrical panel has been replaced, and initial plumbing work has been started.If you're looking for your next project with significant potential and flexible zoning, this could be the one. Come take a look and explore the possibilities.
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Property Summary
This detached home located at 253 Second Avenue, North Bay is currently for sale and has been available on SousaSells for 387 days. This property is listed at $159,900 with an estimated mortgage of $532* per month. It has 3 beds, 0 bathrooms, and is 700-1100 square feet. 253 Second Avenue, North Bay is in the Central neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 253 Second Avenue W, North Bay, ON P1B 3L1
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 $159,900 in North Bay, the legal minimum down payment is $7,995 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 $1,324 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 $1,324.
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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.