NewFor Sale

490 Algonquin Avenue
North Bay, Nipissing, ON, P1B 4W5

Triplex
TRREB
MLS® Number: X13658630

SOVEREIGN REALTY GROUP

Listing brokerage
Estimated Value
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$519,800List Price
4+1Bedrooms
3Bathrooms
0Garages
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Listing History

Buy/sell history for 490 Algonquin Avenue, North Bay, ON P1B 4W5

PrimeAVM™

Current valuation for 490 Algonquin Avenue, North Bay, ON P1B 4W5. Listed for $519,800 on 2026-10-19

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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

Features

LibraryPlace Of WorshipPublic TransitSchoolSchool Bus Route

Amenities

No amenities available

Summary

Tax:$4,063.82 / 2025
Listing #:X13658630
Property Type:Triplex, 1 1/2 Storey
Size:1500-2000 feet²
Land Size:55.41 x 66.41
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:SOVEREIGN REALTY GROUP

Details

Property

Property Type:Triplex
Style:1 1/2 Storey
Community:Central
Municipality:Nipissing

Building

Size:1500-2000 feet²
Construction:Brick, Vinyl Siding

Inside

Bedrooms:4+1
Bedrooms Above Grade:4
Bathrooms:3
Bathrooms Detail:1, 3pc Main floor
Bathrooms Detail:1, 3pc Basement floor
Bathrooms Detail:1, 3pc Second floor
Kitchens:3
Family Room:No
Appliances Included:Primary Bedroom - Main Floor
Basement:Apartment

Parking

Driveway:Private Triple
Garage Type:None
Garage Spaces:0
Total Parking Spaces:3

Utilities

Cooling:None
Heating Type:Baseboard
Heating Fuel:Electric
Utility Sewer:Sewer

Land

Cross Street:CORNER OF ALGONQUIN/FRONT

$519,800

List price

490 Algonquin Avenue, North Bay – 4+1 bed Triplex for sale · MLS® # X13658630