1009 ALGONQUIN AVENUE,North Bay (West End),Ontario,P1B4X9

$449,999

1009 ALGONQUIN AVENUE,North Bay (West End),Ontario,P1B4X9

Investor opportunity in North Bay !1009 Algonquin Avenue, A 5-unit mixed-use investment property. 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 one-year lease and the other on a two-year lease. Both commercial tenants pay their own hydro. The 3 residential units consist of 2 one-bedroom and 1 two-bedroom apartment. All three will be vacant by August 30, 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 of approximately $16,000 to $18,000 per year. At the asking price, the estimated cap rate is approximately 13.6%.If you're looking for a property with existing commercial income and strong residential upside, this one is worth a look. (id:63658)

PROPERTY SUMMARY

MLS® #	:	X13707952
Listing price	:	$449,999
Listed on	:	03-09-2026
Property subtype	:	For sale
Square footage	:	4015 sqft
Year built	:	0000
Listing office	:	Revel Realty Inc. Brokerage

BEDROOM & BATHROOM

Total bedrooms	:	0 Bedrooms
Total bathrooms	:	5 Bathrooms

BUILDING

Building type	:
Parking	:

Community location

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