490 Algonquin Avenue, North Bay, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey triplex located in the coveted neighborhood of Central. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $519,800 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 55.41 x 66.41 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- Efficient baseboard heating via electric
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
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Property Summary
This triplex located at 490 Algonquin Avenue, North Bay is currently for sale and has been available on SousaSells for 0 days. This property is listed at $519,800 with an estimated mortgage of $1,730* per month. It has 5 beds, 3 bathrooms, and is 1500-2000 square feet. 490 Algonquin Avenue, North Bay is in the Central neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Central, North Bay.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Central, North Bay.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Library
- Place Of Worship
- Public Transit
- School
- School Bus Route
Interior Features
- Primary Bedroom - Main Floor
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 490 Algonquin Avenue, North Bay, ON
Q.What is the asking price for 490 Algonquin Avenue, North Bay, ON ?
The current listing price for 490 Algonquin Avenue, North Bay, ON in Central, North Bay is $519,800.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 490 Algonquin Avenue, North Bay, ON ?
490 Algonquin Avenue, North Bay, ON is a Triplex (1 1/2 Storey) featuring a Apartment basement.
Q.What key property features does 490 Algonquin Avenue, North Bay, ON offer?
Key property features include: Library, Place Of Worship, Public Transit, School, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Primary Bedroom - Main Floor.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 490 Algonquin Avenue, North Bay, ON P1B 4W5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in North Bay, ON
For a property listed at $519,800 in North Bay, the legal minimum down payment is $26,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,871 for this transaction. As this listing is in North Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,871.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.