1009 Algonquin Avenue, North Bay (West End), Ontario

About 1009 Algonquin Avenue

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. (id:6289)

More Info on this West End MLS® listing

1009 Algonquin Avenue is a listing for sale in North Bay (West End). The MLS® number is X13707952. It features 5 bathrooms and covers 4,015 square feet. It's currently listed for $424,999. For more details on MLS® X13707952, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in West End is available now!

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