$ 1,650,000
850 CLARENCE Street North Bay, ON P1B3W2
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$ 1,650,000
Est. payment | /mo
16 Beds
12 Baths
9,600 SqFt
$ 1,650,000
Est. payment | /mo
16 Beds
12 Baths
9,600 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
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
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