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Ferris, North Bay
$799,900
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.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $4,469 |
| Lot Size | 33 ft x 205 ft |
| mls© Number | X12305144 |
| Listed By | Royal 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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