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    For Sale - 221 Algonquin Avenue, North Bay, Ontario

    Est payment $13,925/mo
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    Time on Jump  62 day

    AI Summary *

    • Multi-use property with 18 apartments and 4 commercial spaces for diverse income.
    • Prime downtown location with excellent visibility at a busy intersection.
    • Select units offer water views and easy access to waterfront amenities.
    • Includes 25 parking spaces and modern laundry facilities for tenants.
    • Recent updates to heating and roof ensure longevity and reduced maintenance.




    This well-positioned multi-use property offers an attractive combination of residential and commercial income potential. The building features 18 one-bedroom apartments and 4 commercial spaces, providing a diverse tenant mix and multiple revenue streams. Located at a highly visible downtown intersection, the property is c-1 zoned and offers excellent exposure. Select residential units feature water views, with north bay's scenic waterfront and downtown amenities just moments away. Additional features include approximately 25 parking spaces, three sets of new cashless digital operated washers and dryers under lease agreement with sparkle solutions , and a hot water boiler heating system updated in 2011. The membrane roof coverings were updated in 2012. A phase 1 environmental report, survey, income and expense statements, and additional supporting documentation are available through the listing brokerage. An excellent opportunity for investors seeking a substantial mixed-use asset with existing income, additional upside potential, flexible commercial opportunities, and a prime downtown location.
    Listing IDX13739056
    Address221 Algonquin Avenue
    CityNorth Bay, Ontario
    Price$2,899,900
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Hot Water

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    Listing Brokerage: EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    221 Algonquin Avenue
    North Bay , Ontario
    $2,899,900
    Get more info