For Sale: 221 Algonquin Avenue, North Bay, ON - REW
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$2,899,900
0 bd ba 20500 sf Multifamily

221 Algonquin AvenueNorth Bay, ON, P1B 4V8

  • 0 Bed
  • Bath
  • 20500 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Daryl Babineau, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
Gross Taxes for 2025
$29,465
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
132 feet
Frontage
254.8 feet
Heating Type
Hot water radiator heat, Natural gas
Cooling
Fully air conditioned
Agent details
Primary Agent
Daryl Babineau
Primary Broker
EXP REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13739056
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

ÉS Cochrane
  • Public
  • 9 - 12
Mother St Bride School
  • Catholic
  • JK - 8
Algonquin School
  • Catholic
  • 7 - 12
É Sép Saint-Vincent
  • Catholic
  • JK - 6
St Alexander School
  • Catholic
  • JK - 6
Silver Birches Elementary School
  • Public
  • JK - 6
St Joseph-Scollard Hall School
  • Catholic
  • 9 - 12
St Hubert School
  • Catholic
  • JK - 8
Alliance French Immersion Public School
  • Public
  • JK - 6
Chippewa School
  • Public
  • 7 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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