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:47351)
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
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November 01 2024 07:07:07
North Bay Real Estate Board
Realty Executives Local Group Inc. Brokerage