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$2,899,900
Available - For Sale
Listing ID: X13739056
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.
Price $2,899,900
Taxes: $29,465
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 221 Algonquin Avenue , North Bay, P1B 4V8, Nipissing
Postal Code: P1B 4V8
Province/State: Nipissing
Legal Description: LT 19-21 PL 13 WIDDIFIELD; PT LT 18 PL 1
Directions/Cross Streets: Oak St W and Algonquin St
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Category: Apartment
Use: Apts - 13 To 20 Units
Building Percentage: T
Total Area: 20,500
Total Area Code:  Square Feet
Office/Appartment Area: 20500
Office/Appartment Area Code: Sq Ft
Financial Statement: T
Chattels: F
Franchise: F
Hours Open: 0
Employees #: 0
Seats: 0
Maintenance: 0
Sprinklers: Yes
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

221 Algonquin Avenue , North Bay, P1B 4V8, Nipissing

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Investment
Area: Nipissing
Municipality: North Bay
Neighbourhood: Central
Style:
Lot Size: x 132.00(Feet)
Approximate Age:
Tax: $29,465
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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