850 CLARENCE Street Active

North Bay,ON P1B3W2

$ 1650000

16 Beds

12 Baths

9600 SqFt


Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 9,600 sqft

Price per Sqft $171

Subdivision West End

MLS Listing ID 40663794

Bedrooms 16

Originating Board North Bay and Area REALTORS® Association

Year Built 1957

Property 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. (id:24570)

Location

Province ON

Interior

Cooling None

Exterior

Garage No

Community Features School Bus

Waterfront No

View Y/N No

Total Parking Spaces 15

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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