UPDATED INFO! 80K+ Undervalued Legal Duplex in Desirable West Ferris Area of North Bay. Ideal for Quick Flip/BRRRR/Short Term Rental.31 Labreche Dr, North Bay, ON
✅ Wholesale Price: $330K (Or Best Offer)
✅ Estimated As-Is Value: ~$410K
✅ Estimated After Repair Value: ~$550K
✨Closing: July 4, 2022
North Bay is a thriving City of just over 50K on the North Shore of Lake Nipissing. It is a commercial hub for thousands of Northern cottage goers, and is a strong employer, with more than 65 companies in the mining sector. This vibrant economy ranks it among Sudbury and Sault Ste Marie as the hot spots in Northern Ontario for real estate investment. The West Ferris area where this house is located is one of the top residential areas in the city, with close proximity to local stores, schools and the beaches of Lake Nipissing.
31 Labreche Dr is a sturdy 2 storey semi detached legal duplex. The main floor unit features a large living room and an open kitchen/dining area, with 3 beds and a full bath upstairs. The basement (7ft ceiling) unit has 1 bed and 1 bath. The lot is deep (111ft) and features a large walk-out deck as well as a storage shed. There is enough space for 3 cars in the driveway. Overall the property is in excellent shape and really only requires skillful cosmetic renovation with high end finishes to bring it up to its highest and best use.
Comparable Sales
🏷271 Labreche Dr – $519,000 (Sold March 30, 2022)
🏷67 Charlton St – $465,000 (Sold March 29, 2022)
🏷2 Blair St – $461,000 (Sold Feb 2022)
✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/31-labreche-dr-north-bay-11435788