221 Algonquin Avenue North Bay (Central), 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:57276)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X13739056 |
| Property Type | Multi-family |
| Community Name | Central |
| EquipmentType | Dryer(s), Washer(s) |
| RentalEquipmentType | Dryer(s), Washer(s) |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 20500 Sqft |
| SizeInterior | 20500 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 132 Ft |
| SizeFrontage | 254 Ft ,8 In |
| SizeIrregular | Bldg=254.7 X 132 Ft |
| SizeTotalText | Bldg=254.7 X 132 Ft |
| ZoningDescription | C1 |
https://www.realtor.ca/real-estate/30228165/221-algonquin-avenue-north-bay-central-central
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Daryl Babineau
Salesperson
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September 03 2026 12:02:53
Toronto Real Estate Board
Exp Realty