$2,899,900
Available - For Sale
Listing ID: X13739056
221 Algonquin Avenue , North Bay, P1B 4V8, Nipissing
| 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. |
| Price | $2,899,900 |
| Taxes: | $29465.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 221 Algonquin Avenue , North Bay, P1B 4V8, Nipissing |
| Postal Code: | P1B 4V8 |
| Province/State: | Nipissing |
| Legal Description: | LT 19-21 PL 13 WIDDIFIELD; PT LT 18 PL 1 |
| Directions/Cross Streets: | Oak St W and Algonquin St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 20500.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 20500 |
| Office/Appartment Area Code: | Sq Ft |
| Financial Statement: | T |
| Chattels: | F |
| Franchise: | F |
| Hours Open: | 0 |
| Employees #: | 0 |
| Seats: | 0 |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| EXP REALTY |
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Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Nipissing |
| Municipality: | North Bay |
| Neighbourhood: | Central |
| Tax: | $29,465 |
| Fireplace: | N |
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