1009 Algonquin Ave

About this Property

Investor opportunity in North Bay !1009 Algonquin Avenue, A 5-unit mixed-use investment property. (PRE-INSPECTED for your peace of mind) 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 month-to-month lease (all in one paint shop) and the other on a two-year lease (Manga Market). Both commercial tenants pay their own hydro. The 3 residential units consist of 2 one-bedroom and 1 two-bedroom apartments. All three units are vacant, 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.

Listing Details

MLS #

X14145458

Board

PROPTX

Market

ontario

Property Type

Investment

Style

Retail

Garage

None

Parking Spaces

4

Basement

N

Heating

Gas Hot Water

Cooling

N

Lot Size

34 × 100 ft

Annual Taxes

$10,169/yr

Listed By

Revel Realty Inc. Brokerage

Listed On

November 3, 2026

Features & Extras