$2,899,900
 $15,567 est/mo Sourced by Back At You

221 Algonquin Avenue,North Bay (Central), ON P1B4V8

North Bay (Central), ON P1B4V8

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Description

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:13843)

Details

MLS #X13739056
Listing TypeFor Sale
StatusActive
Days On Site51
Listing Provided ByEXP REALTY | DARYL BABINEAU

Features

SQ Feet20,500
ZoningC1

Interior

CoolingFully air conditioned
HeatingHot water radiator heat, Natural gas
Fireplace Yes / NoNo

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount29465
Tax Year2025

Area Information

ProvinceON
CityNorth Bay (Central)
Postal CodeP1B4V8
Listing VS Median (in P1B4V8)
Price:
$2,899,900
low | high
Med:
$2,899,900
50% of Average
sqft:
20,500
low | high
Med:
20,500
50% of Average
$ / sqft:
$141
low | high
Med:
$141
50% of Average
On site:
51
low | high
Med:
51
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Kevin O'Brien

Kevin O'Brien

Sutton Group - Quantum Realty Inc- Brokerage

Sales Representative, (905) 330-0838kobrien@sutton.com
ProvinceON
CityNorth Bay (Central)
Postal CodeP1B4V8
Listing VS Median (in P1B4V8)
Price:
$2,899,900
low | high
Med:
$2,899,900
50% of Average
sqft:
20,500
low | high
Med:
20,500
50% of Average
$ / sqft:
$141
low | high
Med:
$141
50% of Average
On site:
51
low | high
Med:
51
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 9:39:05 PM PDT

Kevin O'Brien - Sutton