New Listing
1009 Algonquin Avenue,North Bay (West End), ON P1B4X9
North Bay (West End), ON P1B4X9
Description
Investor opportunity in North Bay !1009 Algonquin Avenue, A 5-unit mixed-use investment property. (PRE-INSPECTED for your peace of mind) This is a retail or office building with 3 residential apartments, offering both commercial income and residential upside. The property has 2 commercial units currently generating approximately $2,000 per month combined, with one on a month-to-month lease (all in one paint shop) and the other on a two-year lease (Manga Market). Both commercial tenants pay their own hydro. The 3 residential units consist of 2 one-bedroom and 1 two-bedroom apartments. All three units are vacant, giving the new owner the opportunity to choose their own tenants. The property has five separate hydro meters and approximately four parking spaces at the rear, with potential for two additional spaces on the side. When fully rented, the property generated approximately $78,000 per year, with historical expenses (excluding mortgage) of approximately $16,000 to $18,000 per year. If you're looking for a property with existing commercial income and strong residential upside, this one is worth a look. (id:374)
Details
| MLS # | X14145458 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 4 |
| Listing Provided By | Revel Realty Inc. Brokerage | Stany Paul |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 4,015 |
| Zoning | C4 |
| Acreage | 4015.00 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot water radiator heat, Baseboard heaters, Natural gas |
| Fireplace Yes / No | No |
Parking
| Parking Total | 4 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 10169 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | North Bay (West End) |
| Postal Code | P1B4X9 |
| Listing VS Median (in P1B4X9) | |
Price: $399,999 low | high Med: $399,999 sqft: 4,015 low | high Med: 4,015 $ / sqft: $100 low | high Med: $100 On site: 4 low | high Med: 4 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | North Bay (West End) |
| Postal Code | P1B4X9 |
| Listing VS Median (in P1B4X9) | |
Price: $399,999 low | high Med: $399,999 sqft: 4,015 low | high Med: 4,015 $ / sqft: $100 low | high Med: $100 On site: 4 low | high Med: 4 | |