523 First Avenue, North Bay, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Central. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $929,000 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.
- 9 Bedrooms and 10 Bathrooms with 9 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 44 x 128 ft lot
- Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Suspended Ceilings, Upgraded Insulation
- Efficient baseboard heating via gas
Description
Attention investors! This well-maintained 9-bachelor unit property has income of $112,752, with the potential to increase without any renovations. The convenient location to downtown and transportation access to the hospital and university make this a desirable spot for students and single working professionals. With 0% vacancy rate, this gem is easy to rent with the bonus of low maintenance and easy management. The year 2024 gas $4434, hydro $3063, water/waste $1953, insurance $6719. This property is well-maintained and has numerous upgrades in the last 7 years. Responsible tenants. All pay rent on time, online. Fire inspection done in July 2025; all deficiencies were addressed.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This multiplex located at 523 First Avenue, North Bay is currently for sale and has been available on SousaSells for 327 days. This property is listed at $929,000 with an estimated mortgage of $3,092* per month. It has 9 beds, 10 bathrooms, and is 2000-2500 square feet. 523 First 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Public Transit
Interior Features
Separate Heating Controls, Suspended Ceilings, Upgraded Insulation
Security Features
Carbon Monoxide Detectors, Smoke Detector
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 523 First Avenue E, North Bay, ON P1B 1K5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in North Bay.
Configure Loan Settings
About Purchasing a Home in North Bay, ON
For a property listed at $929,000 in North Bay, the legal minimum down payment is $67,900 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 $15,055 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 $15,055.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Central, North Bay.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.