Salehian.com 647-325-5000

221 Algonquin Avenue

Central, North Bay, P1B 4V8

$2,899,900

Photo 1 of 27Photo 2 of 27Photo 3 of 27Photo 4 of 27Photo 5 of 27Photo 6 of 27Photo 7 of 27Photo 8 of 27Photo 9 of 27Photo 10 of 27Photo 11 of 27Photo 12 of 27Photo 13 of 27Photo 14 of 27Photo 15 of 27Photo 16 of 27Photo 17 of 27Photo 18 of 27Photo 19 of 27Photo 20 of 27Photo 21 of 27Photo 22 of 27Photo 23 of 27Photo 24 of 27Photo 25 of 27Photo 26 of 27Photo 27 of 27

Listed 48 days ago · MLS® X13739056

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.

Details

Type
Investment
Lot
254.7 × 132 ft
Garage
None
Property tax
$29,465 (2026)
Neighbourhood
Central
Municipality
North Bay

Heating, cooling and services

Heating
Gas Hot Water
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
20,500 Square Feet

More

Possession
Flexible
Cross street
Oak St W and Algonquin St
Business type
Apts - 13 To 20 Units

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 11 cafés and restaurants, 3 parks. Nearest park: Vimy Ridge Memorial (450 m).

Schools nearby

Elementary

  • Mother St. Bride School Catholic
    EQAO: Gr 6 reading 88%, math 25%    8 min walk
  • École Saint-Vincent Catholic · French
    EQAO: Gr 6 reading 75%, math 6%    15 min walk
  • St. Alexander School Catholic
    EQAO: Gr 6 reading 87%, math 27%    19 min walk
  • St. Hubert Catholic School Catholic
    EQAO: Gr 6 reading 89%, math 37%    1.4 km

Secondary

  • École secondaire catholique Algonquin French12 min walk
  • St Joseph-Scollard Hall Secondary School Catholic
    EQAO: Gr 9 math 35%, literacy test 85%    1.3 km
  • Chippewa Secondary School1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area P1B

Owners / renters
57% / 43%
Median household income
$66,000
Average age
44
Children under 15
13%
Homes
50% detached, 10% high-rise
Commute by transit
3%
Population
33,113

Languages spoken most at home besides English: Punjabi (Panjabi) 0.2%, Italian 0.2%, Spanish 0.1%, Yue (Cantonese) 0.1%.

Safety

Crime Severity Index for North Bay police: 88 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise 1 source nearby

  • 🚆 Rail line (OVR Cartier Subdivision)200 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.