Jasmine Thiar

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221 ALGONQUIN AVENUE, North Bay, Ontario

$2,899,900

20,500 Square Feet

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:23309)

Listing ID: X13739056
Property Type: Multi-family

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Details

Equipment: Dryer(s), Washer(s)
Rental Equipment: Dryer(s), Washer(s)
Transaction: For sale
Zoning Description: C1

Building

Cooling: Fully air conditioned
Fireplace Present: False
Heating: Hot water radiator heat
Heating Fuel: Natural gas
Size Exterior: 20500 sqft
Size Interior: 20500 sqft
Type: Multi-Family
Utility Water: Municipal water

Land

Size Frontage: 254 ft ,8 in
Size Irregular: Bldg=254.7 x 132 FT

Listing provided by EXP REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 221 ALGONQUIN AVENUE in North Bay Ontario. It was last modified on September 2nd, 2026. Contact Jasmine Thiar to schedule a viewing or to discover other North Bay homes for sale.

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