1009 Algonquin Avenue
North Bay, ON
- 5 bath
- 4,015 sqft
- Investment
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.
Listing Details
- Taxes (2025)
- $10,169
- Originally Listed
- $449,999
- Listed
- August 24, 2026
Price History
Property
- Lot Size
- 34 x 100 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Norwood and Algonquin Ave
- Zoning
- C4
- Parcel Number
- 491590549
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- Fridge(X3), Stove (X3) everything AS-IS
- Exclusions
- Tenants' belongings
Community
Postal area P1B
- Population
- 33,113
- Private dwellings
- 16,526
- Median age
- 44.4
- Average household size
- 2.1
- Median household income
- $66,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in North Bay · last 12 months
- Median sold price
- $429,500
- Homes sold
- 701
- Median days on market
- 16
- Sale-to-list price
- 99.5%
Based on 701 recorded sales of commercial properties in North Bay over the last 12 months.
Listed by
Revel Realty Inc. Brokerage
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,015 sq ft
- Price per sq ft
- $105.85
- Annual property tax
- $10,169
- Tax per sq ft
- $2.53
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?