668 LAKESHORE DRIVE
North Bay · P1A2G2
$489,900
About this residence
Positioned in the highly accessible West Ferris neighbourhood of North Bay off Lakeshore Drive, this purpose-built multi-residential investment property presents a compelling opportunity for investors seeking stable income potential in a prime waterfront-adjacent location. This raised brick bungalow comprises five self-contained units, including 1 one bedroom unit and 4 bachelor units. Ideally situated directly across from Lake Nipissing and along Jessup Creek, this property is zoned for a 5-plex as well as C7 offering a multitude of conversions including short-term rental. Just minutes along Lakeshore Drive, residents enjoy close proximity to shopping, restaurants, recreational facilities, transit routes, and public beach access, further enhancing long-term rental desirability. Set on a generous 51.84 FT x 100 FT lot, the property also offers ample on-site parking - a valuable asset for multi-unit residential holdings. With its strong location fundamentals, this is an exceptional opportunity to expand or strengthen a real estate investment portfolio. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Bathrooms
- 5
- Living area
- 2,098 sq ft
- Lot size
- 0.1729
- Frontage
- 51.1 feet
- Parking
- 10 spaces
- Annual tax
- $3,977
- MLS®
- X13211498
- Board
- North Bay
- Status
- Active
- Listed
- May 28, 2026
- Updated
- Jun 9, 2026
Features & finishes
Heating
- Baseboard heaters
Lot
- Irregular lot size
- Conservation/green belt
Financing
Estimated monthly payment
$2,291/mo
Loan amount
$391,920
Down payment
$97,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
North Bay
Nearby
About the area
Census · P1A- 16,959
- Population
- 45
- Median age
- $74,000
- Median income
- $300,000
- Median home value
- 61%
- Home ownership
- 18 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 668 LAKESHORE DRIVE?
668 LAKESHORE DRIVE is listed for $489,900, in North Bay.
How many bedrooms and bathrooms does 668 LAKESHORE DRIVE have?
It offers — bedrooms and 5 bathrooms.
What type of home is 668 LAKESHORE DRIVE?
668 LAKESHORE DRIVE is a Multi-family, Multi-Family.
How large is 668 LAKESHORE DRIVE?
The home offers approximately 2,098 sq ft of living space on a lot measuring 0.1729.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,291. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,977 per year.
Is there parking?
Yes — 668 LAKESHORE DRIVE includes 10 parking spaces.
What is the North Bay area like?
North Bay has a population of about 16,959, a median age of 45, a 61% home-ownership rate, with an average commute of about 18 minutes.
What is the average home value in North Bay?
The median dwelling value in this area is approximately $300,000, based on census data via Neighbourly.
What is the median household income in North Bay?
The median household income in this area is approximately $74,000.
Similar residences
Comparable Multi-Family near North Bay at a similar price.
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