490 Algonquin Ave, North Bay, Ontario

Multi-Family for Sale in North Bay

490 Algonquin Ave, North Bay, ON

  • CA$519,800
  • 4+1 BEDS
  • 3 BATHS
  • CA$519,800

Multi-Family for Sale in North Bay

490 Algonquin Ave, North Bay, ON

  • CA$519,800
  • 4+1 BEDS
  • 3 BATHS
  • CA$519,800

Key Facts

  • MLS® #: X13658630
  • Property ID: SIRC3562096
  • Property Type: Residential, Triplex
  • Interior Area¹: 1500-2000 sq.ft.
  • Lot Size¹: 55.41x66.41 ft.
  • Bedrooms: 4+1
  • Bathrooms: 3
  • Parking Spaces: 3
  • Listed By:
  • SOVEREIGN REALTY GROUP

Property Description

Excellent Investment Opportunity - Legal Triplex in the Heart of North BayDon't miss this opportunity to own a legal triplex offering imm rental income attractive 7.39% cap rate. Whether you're an experienced investor looking to expand your portfolio or purchasing your first income property, this well-maintained building offers excellent cash flow and long-term investment potential.The property is fully positioned to generate steady rental income while providing future opportunities for growth. With three self-contained residential units, investors benefit from diversified income, reduced vacancy risk, and the security of owning a legal multi-family property in a strong rental market.Ideally located close to schools, shopping, restaurants, churches, parks, healthcare services, and public transit, tenants enjoy easy access to everything North Bay has to offer. Conveniently situated on a bus route, the property appeals to students, professionals, families, anNorth Bay continues to be one of Northern Ontario's most desirable communities for real estate investment. Home to Nipissing University and Canadore College, the city attracts a steady population of students, faculty, healthcare professionals, and skilled workers, creating ongoing demand for quality rental housing.Known as the Gateway to the North, North Bay offers an exceptional quality of life with hundreds of nearby lakes, world-class fishing, boating, beaches, skiing, snowmobiling, golfing, hiking, cycling, and countless year-round recreational opportunities. Its diverse economy, affordable housing market, and growing regional importance continue to make North Bay an attractive destination for investors seeking long-term stability and growth.Whether you're looking to add a solid income-producing property to your existing portfolio or begin building wealth through real estate, this legal triplex offers an outstanding opportunity to invest in one of Northern Ontario's most vibrant and welcoming communities

Rooms

  • TypeLevelDimensionsFlooring
  • KitchenMain10' 7.8" x 8' 10.2"Other
  • Living roomMain11' 11.7" x 11' 11.7"Other
  • Dining roomMain11' 11.7" x 11' 11.7"Other
  • BedroomMain11' 11.7" x 11' 11.7"Other
  • BedroomMain7' 11.6" x 13' 11.7"Other
  • Kitchen2nd floor11' 11.7" x 10' 11.8"Other
  • Living room2nd floor11' 11.7" x 10' 11.8"Other
  • Bedroom2nd floor13' 11.7" x 11' 11.7"Other
  • KitchenBasement9' 10.1" x 12' 11.9"Other
  • Dining roomBasement8' 10.2" x 10' 7.8"Other
  • Living roomBasement8' 11.8" x 17' 11.7"Other
  • BedroomBasement8' 11.8" x 10' 7.8"Other
  • UtilityBasement15' 11.7" x 10' 7.8"Other

Listing Agents

SOVEREIGN REALTY GROUP

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Location

490 Algonquin Ave, North Bay, Ontario, P1B 4W5 Canada

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