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221 Algonquin AVE North Bay, ON P1B 4V8
20,500 SqFt
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 20,500 sqft
Price per Sqft $141
Subdivision Central
MLS Listing ID X13739056
Annual Tax Amount $29,465
Tax Year 2026
Property Sub-Type Investment
Property 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.
Location
Province ON
County Nipissing
Area Nipissing
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 254.7
Lot Depth 132.0
Others
Security Features Yes
ParcelsYN No
Listed by EXP REALTY