221 Algonquin Avenue, North Bay, ON P1B 4V8
Central, North Bay · Near Oak St W and Algonquin St · View map
About this home
This well-positioned multi-use property offers an attractive combination of residential and commercial income potential. The building features 18 one-bedroom apartments and 4 commercial spaces, providing a diverse tenant mix and multiple revenue streams. Located at a highly visible downtown intersection, the property is C-1 zoned and offers excellent exposure. Select residential units feature water views, with North Bay's scenic waterfront and downtown amenities just moments away. Additional features include approximately 25 parking spaces, three sets of new cashless digital operated washers and dryers under lease agreement with Sparkle solutions , and a hot water boiler heating system updated in 2011. The membrane roof coverings were updated in 2012. A Phase 1 environmental report, survey, income and expense statements, and additional supporting documentation are available through the listing brokerage. An excellent opportunity for investors seeking a substantial mixed-use asset with existing income, additional upside potential, flexible commercial opportunities, and a prime downtown location.
The home
- Type
- Investment
- Square footage
- 20500 sq ft
- Lot size
- 254.7 x 132 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Hot Water
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $29,465/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Oak St W and Algonquin St
- Neighbourhood
- Central
More
- MLS® number
- X13739056
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
221 Algonquin Avenue, North Bay, ON P1B 4V8
Central, North Bay · Near Oak St W and Algonquin St
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Listing history for 221 Algonquin Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 221 Algonquin Avenue
Answers come straight from this home’s MLS® listing.
How much is 221 Algonquin Avenue listed for, and what would it cost each month?
221 Algonquin Avenue is listed for $2,899,900. With 20% down ($579,980), the mortgage payment would be roughly $11,697 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $14,153 a month, all in. That figure is an illustration, not a quote.
Is 221 Algonquin Avenue freehold or a condo, and is there a monthly fee?
221 Algonquin Avenue is a investment in Central, North Bay. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 221 Algonquin Avenue have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 221 Algonquin Avenue?
221 Algonquin Avenue is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 221 Algonquin Avenue, and what is the lot size?
The lot is listed as 254.7 x 132 ft.
How is 221 Algonquin Avenue heated and cooled?
Heating is gas hot water. Cooling is yes.
What are the property taxes for 221 Algonquin Avenue?
Property taxes are $29,465 a year (2026), or about $2,455 a month.
Where is 221 Algonquin Avenue?
221 Algonquin Avenue is in the Central community of North Bay. The nearest main intersection is Oak St W and Algonquin St. The postal code is P1B 4V8.
Is 221 Algonquin Avenue still for sale?
Yes. It is an active listing (MLS® X13739056). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 221 Algonquin Avenue asking?
Similar properties for sale nearby right now include 395 Carmichael Drive at $2,149,900 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 221 Algonquin Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 221 Algonquin Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.