407 Ferguson Street, North Bay, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Central. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $597,000 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.
- 0 Bedrooms and 4 Bathrooms
- Premium 28 x 33 ft lot size
- equipped with no central cooling and highly efficient gas hot water heating
Description
Prime investment opportunity in the heart of North Bay's downtown core. This mixed-use commercial and residential property offers a strong combination of stable income and long-term upside. The main level features a fully equipped restaurant space with a finished basement and two washrooms, secured with a long-term lease in place, providing immediate, reliable cash flow. The property also includes two well-maintained 1-bedroom residential units on the upper levels, adding diversified rental income. Strategically positioned on a high-exposure corner in one of the city's busiest corridors, surrounded by established retailers, offices, and essential amenities, ensuring consistent foot traffic and tenant demand. Extensive renovations and upgrades have been completed throughout, showcasing quality finishes and reducing near-term capital expenditure. Income Highlights: Commercial Lease: $2,610/month + HST. Tenant pays 100% hydro (separately metered), 70% heat & water covered. Residential Unit: Currently rented at $1,400/month (all-inclusive). An additional residential unit offers further income potential.
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Property Summary
This commercial retail located at 407 Ferguson Street, North Bay is currently for sale and has been available on SousaSells for 135 days. This property is listed at $597,000 with an estimated mortgage of $1,987* per month. It has 0 beds, 4 bathrooms, and is unknown square feet. 407 Ferguson Street, North Bay is in the Central neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Central, North Bay.
- •4 well-appointed bathrooms
- •Desirable Commercial Retail architecture in Central, North Bay
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- Yes
Community Features
- Public Transit
- Recreation/Community Centre
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in North Bay?
If you are looking for a house in North Bay or researching North Bay real estate for sale, this commercial retail at 407 Ferguson Street, North Bay, ON offers an exceptional opportunity to buy a home in North Bay, Ontario. Whether you are a first-time North Bay home buyer or comparing active North Bay MLS® homes for sale, working with a dedicated North Bay buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced North Bay realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
North Bay Buyer Budget & Costs
Estimated mortgage: $1,987*/month*. Estimated Ontario Land Transfer Tax: $8,415. First-time North Bay home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in North Bay
Frequently Asked Questions about 407 Ferguson Street, North Bay, ON
Q.What is the asking price for 407 Ferguson Street, North Bay, ON ?
The current listing price for 407 Ferguson Street, North Bay, ON in Central, North Bay is $597,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 4 bathrooms.
Q.What property type and architectural style is 407 Ferguson Street, North Bay, ON ?
407 Ferguson Street, North Bay, ON is a Commercial Retail () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Public Transit, Recreation/Community Centre.
Q.What security features are installed at 407 Ferguson Street, North Bay, ON ?
Security features include: Yes.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via No.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Central, North Bay
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 407 Ferguson Street, North Bay, ON P1B 1X3
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 $597,000 in North Bay, the legal minimum down payment is $34,700 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 $8,415 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 $8,415.
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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.
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