NewFor Sale

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

Investment
TRREB
MLS® Number: X13668232

SOVEREIGN REALTY GROUP

Listing brokerage
$519,800List Price
InvestmentProperty Type
3,679.77 sq ftSize
$4,063.82 / 2025Taxes (Annual)
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Property Location

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Listing History

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

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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 immediate rental income and an 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 multi-unit 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 studNorth 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 community.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$4,063.82 / 2025
Listing #:X13668232
Property Type:Investment
Size:3,679.77 sq ft
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:Investment
Community:Central
Municipality:Nipissing

Building

Size:3,679.77 sq ft

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:No
Heating Type:Baseboard

Land

Cross Street:Algonquin/Front

$519,800

List price

490 Algonquin Avenue, North Bay – Investment for sale · MLS® # X13668232 | CPRB