850 CLARENCE ST Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1B 3W2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $171
MLS Listing ID X10708106
Bedrooms 16
Annual Tax Amount $25,424
Tax Year 2024
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.
Location
Province ON
County Nipissing
Area Nipissing
Zoning RM4
Rooms
Basement Finished,Full
Kitchen 0
Interior
Interior Features Other
Cooling None
Inclusions Coin operated Washer (x1) & Dryer (x2)., Other, Hot Water Tank Owned
Laundry Common Area,Coin Operated
Exterior
Exterior Feature Controlled Entry,Year Round Living,Private Entrance
Parking Features Other,Reserved/Assigned,Mutual
Garage Spaces 15.0
Pool None
Community Features Public Transit
Utilities Available Unknown
Roof Type Asphalt Shingle
Total Parking Spaces 15
Building
Foundation Block
New Construction false
Others
Senior Community No
Security Features Alarm System,Other