Address
221 Algonquin Avenue, North Bay (Central), ON
Price
$ 2,899,900
Property Attributes
- ID#X13739056
- TypeMulti-Family
- Listing Status Active
- MunicipalityNorth Bay (Central)
- CityNorth Bay (Central)
- AreaCentral
- NeighbourhoodCentral
- Postal CodeP1B 4V8
- Style
- Price$ 2,899,900
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage20500
Data Source:
Canadian Real Estate Association (CREA)
Property 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. (id:7434)
General Features
| Property Type | Multi-family |
|---|---|
| Zoning Description | C1 |
| CommunityName | Central |
| Building Cooling Type | Fully air conditioned |
| Business Type | Residential |
| Business Sub Type | Apartments |
| Location Description | Cross Streets: Oak St W and Algonquin St. ** Directions: Oak St W to Algonquin St. |
| Building Type | Multi-Family |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Hot water radiator heat |
| Building Heating Fuel | Natural gas |
| Living Area Range | 20500 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in P1B 4V8
Price
In The Neighbourhood
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$ 399,900
106 Fourth Avenue W
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- Type
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- Rooms
- 7 Beds + 4 Baths
REALTY EXECUTIVES PLUS LTD
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- Type
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ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
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KELLER WILLIAMS COMPLETE REALTY
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$ 1,899
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- Type
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KELLER WILLIAMS COMPLETE REALTY
Hamilton (Central)
$ 1,899
207 - 56 York Boulevard
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- Type
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KELLER WILLIAMS COMPLETE REALTY
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- Type
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HOMELIFE ELITE SERVICES REALTY INC.
Oshawa (Central)
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- Type
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CENTURY 21 LEADING EDGE REALTY INC.
Oshawa
$ 1,799
209 Stacey Avenue # 1
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- Type
- Multi-Family
- Size
- 700 SqFt
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Oshawa (Central)
$ 1,995
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- Type
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REMAX YOUR COMMUNITY REALTY
Hamilton (Central)
$ 1,599,900
38 Hess Street S
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- Type
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- Size
- 3,001 SqFt
- Rooms
- 0 Beds + 0 Baths
RE/MAX ESCARPMENT REALTY INC.
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