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221 ALGONQUIN Avenue, North Bay, Ontario, P1B 4V8

MLS® # 40563701
Commercial For Sale In North Bay, Ontario
$3,100,000
Welcome to 221 Algonquin Avenue. 18 - 1 bed units & 3 Commercial Units - 221 Algonquin Avenue, North Bay, ON
221 Algonquin Avenue, North Bay, ON
221 Algonquin Avenue, North Bay, ON
View from Oak Street - 221 Algonquin Avenue, North Bay, ON
approx. 28 Parking spots - 221 Algonquin Avenue, North Bay, ON
Located at a main junction in North Bay's downtown core. - 221 Algonquin Avenue, North Bay, ON
Close to the waterfront. - 221 Algonquin Avenue, North Bay, ON
Secured Entry to Residential area & central Mail box - 221 Algonquin Avenue, North Bay, ON
Secured Entry to Residential Units - 221 Algonquin Avenue, North Bay, ON
Entry to each level to the Units - 221 Algonquin Avenue, North Bay, ON
Hallway to units - 221 Algonquin Avenue, North Bay, ON
Stair well to units - 221 Algonquin Avenue, North Bay, ON
Each level has a private room for Laundry Services - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
View from the apartment. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. Secondary entrance - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Gym area or another option for large open room in Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Gym Area or options for owner occupied space. Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Office space in suite ground Level unit. - 221 Algonquin Avenue, North Bay, ON
221 Algonquin Avenue, North Bay, ON
Video
Welcome to 221 Algonquin Avenue. 18 - 1 bed units & 3 Commercial Units - 221 Algonquin Avenue, North Bay, ON
221 Algonquin Avenue, North Bay, ON
221 Algonquin Avenue, North Bay, ON
View from Oak Street - 221 Algonquin Avenue, North Bay, ON
approx. 28 Parking spots - 221 Algonquin Avenue, North Bay, ON
Located at a main junction in North Bay's downtown core. - 221 Algonquin Avenue, North Bay, ON
Close to the waterfront. - 221 Algonquin Avenue, North Bay, ON
Secured Entry to Residential area & central Mail box - 221 Algonquin Avenue, North Bay, ON
Secured Entry to Residential Units - 221 Algonquin Avenue, North Bay, ON
Entry to each level to the Units - 221 Algonquin Avenue, North Bay, ON
Hallway to units - 221 Algonquin Avenue, North Bay, ON
Stair well to units - 221 Algonquin Avenue, North Bay, ON
Each level has a private room for Laundry Services - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
View from the apartment. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Apartment interior Layouts fairly the same. - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. Secondary entrance - 221 Algonquin Avenue, North Bay, ON
Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Gym area or another option for large open room in Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Gym Area or options for owner occupied space. Ground level 5000sf renovated suite. - 221 Algonquin Avenue, North Bay, ON
Office space in suite ground Level unit. - 221 Algonquin Avenue, North Bay, ON
221 Algonquin Avenue, North Bay, ON
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ACTIVE
221 ALGONQUIN Avenue, North Bay, Ontario, P1B 4V8
$3,100,000

Property Information:

If you're looking for a secure investment opportunity that generates an annual gross income of $ 349,524 with operating expenses at $140,543, giving you an annual Net income of $201,991 (15% fees included for management/maintenance/vacancy), this multi-use building in North Bay is not to be missed! With 18 one-bedroom apartments and three ground-floor commercial spaces, this solid C-1 zoned building is located at a main junction in the downtown core, offering excellent visual exposure. Many units have been upgraded with modern fixtures, flooring, and fresh paint while retaining their 10-foot ceilings and crown molding. You'll love the water views of Lake Nipissing from some of the units, and the location is unbeatable. You'll be steps away from North Bay's beautiful waterfront, farmers' markets, local restaurants, and shopping. The building features ample parking for approximately 25 vehicles, three sets of coin-operated washers and dryers, and updated hot water boiler heat and membrane roof coverings. The building is currently fully occupied, with two commercial tenants on lease and the third owner-occupied, offering a multitude of uses. This is a phenomenal opportunity to generate income to support your business or investment portfolio. Don't let this one pass you by! (id:27)

Building Features:

  • Style: Office
  • Basement Type: Partial

Property Features:

  • OwnershipType: Freehold
  • Property Type: Office
  • Amenities Nearby: Public Transit, Schools
  • Features: Visual exposure
  • Floor Space (approx): 19495.00
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 255.0 Feet
  • Zoning: C1
  • Sewer: Municipal sewage system

Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 221 ALGONQUIN Avenue, North Bay, Ontario, P1B 4V8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

32 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

32 hot days expected in 2050

46/100

High

ClimateCheck®

Current data

This property, 221 ALGONQUIN Avenue , experiences 7 hot days per year at around 29.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 32.9 degrees Celsius.

Projected Avg. Temperature

Past
29.5℃
2050
32.9℃

# Hot Days Per Year

Past
7
2050
32

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

65/100

ClimateCheck®

Current data

This property, 221 ALGONQUIN Avenue , experiences 11 significant 2-day storms per year, with about 322.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.8mm of precipitation per year.

Precipitation Per Storm

Past
322.2mm
2050
408.8mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 221 ALGONQUIN Avenue, North Bay, Ontario, P1B 4V8

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$57,663.59

Average Number of Children

1.34

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.36 %

High school certificate or equivalent

34.99 %

Apprenticeship trade certificate/diploma

6.44 %

College/non-university certificate

19.69 %

University certificate (below bachelor)

0.04 %

University Degree

12.48 %

Commuter

Travel To Work

By Car

58.84 %

By Public Transit

21.19 %

By Walking

19.97 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.82 %

Houses

5.18 %

Own Vs. Rent

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