589 Gormanville Road, North Bay, ON
Property Highlights
Welcome to this remarkable 2-Storey condo townhouse located in the coveted neighborhood of West End. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $364,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms
- Generous living space spanning 1200-1399 sqft
- Features a walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Water Heater Owned
- Efficient baseboard heating via electric
Description
Welcome to this rare 5 bedroom condominium offering exceptional space, flexibility, and convenience. Situated just minutes from Nipissing University and Canadore College, this property presents an excellent opportunity for families, professionals, or investors looking to add value and make it their own. The bright and spacious main floor features an inviting open-concept layout complemented by a separate dining room, ideal for entertaining and everyday living. With a functional floor plan and generous room sizes throughout, this home offers plenty of space to accommodate a variety of lifestyles. The fully finished walkout basement expands the living area with a large bedroom or recreation room, laundry area with a 3 piece bathroom, a great storage room and an additional bedroom providing excellent flexibility for guests, extended family, or potential rental income. Additional highlights include multiple bathrooms, including a 4 piece on the second floor with 3 bedrooms, 3-piece on the lower level and 2-piece bath on the main floor for added convenience. While the home could benefit from some cosmetic updates and personal touches, it offers outstanding potential in a prime location close to schools, transit, shopping, and amenities. A rare opportunity to own a spacious 5-bedroom condo with room to build equity and create your vision.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 589 Gormanville Road 42, North Bay, ON P1B 8N9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in North Bay, ON
For a property listed at $364,900 in North Bay, the legal minimum down payment is $18,245 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $3,949 for this transaction. As this listing is in North Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,949.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
