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850 CLARENCE Street
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850 CLARENCE Street $1,650,000
4 days ago
$1,650,000
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850 CLARENCE Street
North Bay, Ontario P1B3W2

MLS® Number: 40663794
16
Bedrooms
12
Bathrooms
9600
Square Feet

Listing 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. (68268484)

Location Description

Algonquin Avenue to Jane Street. Follow Jane to Clarence.

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
9600 sqft
Subdivision Name
West End
Title
Freehold
Land Size
under 1/2 acre
Built in
1957
Annual Property Taxes
$25,424
Total Parking Spaces
15
Time on REALTOR.ca
4 days

Building

Bathrooms
Total
12
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Paved driveway, Shared Driveway, Laundry- Coin operated
Fire Protection
Alarm system, Unknown
Rental Equipment
Water Heater
Total Units
12
Heating & Cooling
Cooling
None
Heating Type
(Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Metal
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Airport, Golf Nearby, Hospital, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
15

Measurements

Square Footage
9600 sqft
Above Grade Finished
6400 sqft
Source: Other
Below Grade Finished
3200 sqft
Source: Other

Land

Lot Features
Frontage
109 ft
Land Depth
107 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
RM4
Data provided by: North Bay and Area REALTORS® Association 1281 Cassells Street, North Bay, Ontario P1B 4B8
705-477-4442
REALTOR® Website
Email
Book showing
REALTY EXECUTIVES Local Group Inc. Brokerage
325 Main Street, West
NORTH BAY, Ontario P1B2T9
705-478-8588
Office Website
705-477-1045
REALTOR® Website
Email
Book showing
REALTY EXECUTIVES Local Group Inc. Brokerage
325 Main Street, West
NORTH BAY, Ontario P1B2T9
705-478-8588
Office Website

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