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
7 days on Market

850 Clarence St, North Bay, Ontario P1B 3W2

$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 Market7 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

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 History

Now
ListedFor Salefor$1,650,000Active
7 days on market
Listing by itso®
history photo preview19
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Property listed by REALTY EXECUTIVES Local Group Inc. Brokerage, Brokerage
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