850 Clarence Street North Bay, Ontario P1B 3W2
$1,650,000
Prime Investment Opportunity! With robust rental income and a solid 8% CAP rate, this property is a strong investment option. This exceptional 12-unit income property is situated in a highly sought-after area, conveniently located on a public transportation route and just minutes from both the college and university. The building features a diverse mix of units, including 1 bachelor unit, 6 one-bedroom units, and 5 two-bedroom units, all complemented by ample on-site parking. The surrounding neighborhood offers a full range of amenities, from schools and parks, to restaurants and shopping centers, ensuring a high demand for rentals. The bachelor unit is currently undergoing renovations and will soon be completed, further enhancing the property’s appeal. A comprehensive Buyer's Package is available for qualified buyers upon request. (id:50886)
Property Details
| MLS® Number | 40663794 |
| Property Type | Multi-family |
| AmenitiesNearBy | Airport, Golf Nearby, Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| CommunityFeatures | School Bus |
| EquipmentType | Water Heater |
| Features | Paved Driveway, Shared Driveway, Laundry- Coin Operated |
| ParkingSpaceTotal | 15 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 12 |
| BedroomsTotal | 16 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1957 |
| CoolingType | None |
| ExteriorFinish | Brick, Metal |
| FireProtection | Alarm System, Unknown |
| HeatingFuel | Natural Gas |
| StoriesTotal | 3 |
| SizeInterior | 9600 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Airport, Golf Nearby, Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 107 Ft |
| SizeFrontage | 109 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Rm4 |
https://www.realtor.ca/real-estate/27604690/850-clarence-street-north-bay
Interested?
Contact us for more information
Mike Burman
Broker of Record
325 Main Street, West
North Bay, Ontario P1B 2T9
Josee Laperle
Salesperson
325 Main Street, West
North Bay, Ontario P1B 2T9
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November 12 2024 12:56:28
North Bay Real Estate Board
Realty Executives Local Group Inc. Brokerage