221 ALGONQUIN AVENUE
North Bay (Central), Ontario
MLS® X13739056
$2,899,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13739056
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 27Listing 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.
Property summary
- MLS® number
- X13739056
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 20,500 sq ft
- Land size
- Bldg=254.7 x 132 FT
- Annual property taxes
- $29,465.00
- Days on market
- 15 days
Features & details
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $2,899,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, BARRIE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.