1009 ALGONQUIN AVENUE

North Bay (West End), , P1B4X9, Canada

$424,999

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 (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.

Last updated on : Tuesday 15th of September 2026 01:35:15 PM

ADDRESS

Street : 1009 ALGONQUIN AVENUE

City : North Bay (West End)

Country : Canada

Postal Code : P1B4X9

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PROPERTY SUMMARY

Property ID : X13707952

Building Type : Other

Property Type : Business

Bathrooms : 5

Parking : 4

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