1009 Algonquin Avenue, North Bay, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of West End. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $449,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 5 Bathrooms
- Premium 34 x 100 ft lot size
- equipped with no central cooling and highly efficient gas hot water heating
Description
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 of approximately $16,000 to $18,000 per year. At the asking price, the estimated cap rate is approximately 13.6%.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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Property Summary
This investment located at 1009 Algonquin Avenue, North Bay is currently for sale and has been available on SousaSells for 5 days. This property is listed at $449,999 with an estimated mortgage of $1,498* per month. It has 0 beds, 5 bathrooms, and is unknown square feet. 1009 Algonquin Avenue, North Bay is in the West End neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in West End, North Bay.
- •5 well-appointed bathrooms
- •Desirable Investment architecture in West End, North Bay
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- No
Community Features
- Major Highway
- Public Transit
Frequently Asked Questions about 1009 Algonquin Avenue, North Bay, ON
Q.What is the asking price for 1009 Algonquin Avenue, North Bay, ON ?
The current listing price for 1009 Algonquin Avenue, North Bay, ON in West End, North Bay is $449,999.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 5 bathrooms.
Q.What property type and architectural style is 1009 Algonquin Avenue, North Bay, ON ?
1009 Algonquin Avenue, North Bay, ON is a Investment () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Major Highway, Public Transit.
Q.What security features are installed at 1009 Algonquin Avenue, North Bay, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via No.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
West End, North Bay
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1009 Algonquin Avenue, North Bay, ON P1B 4X9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in North Bay, ON
For a property listed at $449,999 in North Bay, the legal minimum down payment is $22,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,475 for this transaction. As this listing is in North Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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