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Listed 1 month ago

28 Lakeshore Drive

Ferris, North Bay

$294,900

Detached|Bungalow
2 | 3 | 5
About this home

Welcome to 28 Lakeshore Drive! This versatile property offers an excellent opportunity for first-time buyers, investors, orthose looking to operate a home-based business in a highly visible location. The upper level has seen recent updates, creating a comfortable and open living space while still offering room to add your own touches and build equity over time. Featuring two kitchens, three bathrooms, and flexible living areas, the home provides plenty of options for a variety of lifestyles. Outside, you'll appreciate the spacious backyard and the convenience of rear alley access, allowing easy entry and exit. The covered, partial wraparound porch provides a welcoming space to relax and enjoy. Located on a public transit route and within walking distance to downtown amenities, restaurants, coffee shops, and everyday conveniences, this property offers EXCEPTIONAL accessibility. North Bay's waterfront and marina are only minutes away, making everything you'd need within arms reach. Whether you're entering the market, looking for an investment property, or seeking a highly visible location for a home-based business, 28 Lakeshore Drive offers outstanding potential and flexibility.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$1,774
Lot Size40 ft x 107.07 ft
mls© NumberX13595014
Listed ByRE/MAX CROWN REALTY (1989) INC.

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%
$1,509
Property tax
$148
Heat allowance
$150
Housing costs
$1,807 / mo

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

Down payment20% · $58,980
25-yr amortization

Income needed

$56,000

gross annual household income

Payment at 4%
$1,241 / mo
Cash down
$58,980

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

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