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$399,999 Sale
Listed 3 hours ago
1009 Algonquin Avenue
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Listing History
Buy/Sell/Terminated/Expired listing history for 1009 Algonquin Avenue
Key Facts
Key facts for 1009 Algonquin Avenue
Property Type
Commercial
Parking
None
MLS #
X14145458
Size
-
Basement
-
Listed on
2026-11-03
Lot size
34 x 100.0
Tax
$10,169 /yr
Days on Market
0
Approximate Age
-
Maintenance Fee
-
Description
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 curr...ently 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.
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Courtesy of: Revel Realty Inc. Brokerage