Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
1 / 0
Listed 1 year ago

581 Banner Avenue

Ferris, North Bay

$799,900

Detached|Bungalow
4 | 3 | 6
About this home

2 Homes. Waterfront and Investment and a million-dollar Sunset year-round. This is a must see for your new lifestyle - enjoy walking on the sandy beach, sitting on the shaded deck, floating in the bay on your kayak or canoe, watching the ice fishermen as far as the eye can see on picturesque Lake Nipissing, all while surrounded by nature and beautiful colors as the sun sets in the west. The year-round waterfront home features: waterfront living, walk out deck and patio overlooking the beach/lake, 3 bd, den and 2 baths, updated kitchen and updated main bath, new flooring downstairs and air conditioning. The second home is fully winterized offering one floor living with an open concept kitchen/living area, 2 bedrooms, den, 1 bath and laundry. Use the second home as a mortgage helper, for extended family or for visitors. There's a shed for storage and loads of parking. All this is on municipal services in a quiet neighborhood and a short walk to shopping, park, groceries, boat launch, restaurants, LCBO, bike path, dog park, and other amenities in the City of North Bay, ON.

Extras

No extras listed.

Visit this home

Pick a time that works for you.

No upcoming open houses.

Got questions?

Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$4,469
Lot Size33 ft x 205 ft
mls© NumberX12305144
Listed ByRoyal LePage Northern Life Realty, Brokerage

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,094
Property tax
$372
Heat allowance
$150
Housing costs
$4,617 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $159,980
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

Nearby listings

Comparable sales

  • No similar listings found.