221 Algonquin Avenue North Bay, Ontario P1B 4V8
$2,899,900
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. (id:63203)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13739056 |
| Property Type | Multi-family |
| Community Name | Central |
| Equipment Type | Dryer(s), Washer(s) |
| Rental Equipment Type | Dryer(s), Washer(s) |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 20500 Sqft |
| Size Interior | 20,500 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 132 Ft |
| Size Frontage | 254 Ft ,8 In |
| Size Irregular | Bldg=254.7 X 132 Ft |
| Size Total Text | Bldg=254.7 X 132 Ft |
| Zoning Description | C1 |
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September 03 2026 05:38:30
Toronto Regional Real Estate Board
Exp Realty