8 PLUMTREE Place, North Bay, ON
Property Highlights
Welcome to this remarkable Bungalow semi-detached located in the coveted neighborhood of Ferris. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $419,900 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 30 x 100 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Carpet Free, In-Law Suite
- Efficient baseboard heating via electric
Description
Perfect for first-time buyers or savvy investors, this well-maintained home offers a fantastic opportunity in a family-friendly setting. The property features a 3-bedroom, 1-bathroom upper unit and a 2-bedroom, 1-bathroom lower unit, providing excellent flexibility for multi-generational living or rental income.Currently generating $3,700/month in rental income ($2,200 upper + $1,500 lower), the property offers immediate cash flow. The upper unit can be vacated, making it ideal for families who wish to move in while using the lower unit to help offset their mortgage.The basement has been updated with new flooring and is occupied by reliable tenants who have consistently paid on time. Additional updates include a roof that is only 4 years old, giving buyers peace of mind.Situated on a quiet cul-de-sac, the home is located close to schools, parks, and the lake, making it perfect for families seeking both convenience and a great neighborhood lifestyle.A versatile property with strong income potential and end-user appeal-don't miss this opportunity to own a home that works for you.
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Features
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Interior Features
Carpet Free, In-Law Suite
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 8 PLUMTREE Place, North Bay, ON P1A 3Y6
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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 $419,900 in North Bay, the legal minimum down payment is $20,995 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 $4,873 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 $4,873.
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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.