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House · For saleJun 8, 2026$399,900
North Bay · Widdifield
5 bed3 bath1100-1500 sqft
MLS® X13414288Royal LePage Northern Life Realty, Brokerage
$399,999
Added 4 days ago
Property type
Investment
Lot
34 × 100 Feet
Parking
4 spaces
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Taxes
$10,169 /yr
MLS®
X14145458
Listed by
Revel Realty Inc. Brokerage
Source
TRREB
Days on market
4
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.
1009 Algonquin Avenue, North Bay, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$1,777/mo
Principal + interest
$1,777
Total interest
$213,054
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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