A pic from exterior of the house or condo, the front or back of building for 850 Clarence St, North Bay Ontario P1B 3W2
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A pic from exterior of the house or condo, the front or back of building for 850 Clarence St, North Bay Ontario P1B 3W2
41 days on Market

850 Clarence St, North Bay, Ontario P1B 3W2

Townhouse
-
12
~9600 sqft
$1,650,000
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Townhouse
-
12
~9600 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$171/sqft

Est. Mortgage$7,086/mo

Tax Amount (2024)$25,424/yr

Days On Market41 days


Description

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.


Property Details

StyleResidential Income
View-
Age of property1957
SqFt~9600 SqFt
Lot Size11,697 SqFt(107.32 x 109)
Parking Spaces15
MLS ®Number40663794
Community NameNorth Bay
Data SourceITSO
Listing byREALTY EXECUTIVES Local Group Inc. Brokerage

Features

Heating: Natural Gas, Radiator
Basement: Full, Finished

Features

Lot size: 11,697 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 15


Property listed by REALTY EXECUTIVES Local Group Inc. Brokerage, Brokerage
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Population and Demographics

Overview

Total population 51969
Average household income $105,004

Age (%)

65 and plus
22%
50 to 64
21%
20 to 34
20%
0 to 19
20%
35 to 49
17%

Household composition (%)

Single family
58%
Single person
36%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
83%
French
12%
English and French
2%
Others
2%

House tenancy (%)

Owners
59%
Renters
41%

Schools and amenities

Estimated Budget