$1,650,000
850 Clarence ST North Bay, ON P1B 3W2
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$1,650,000
Est. payment /mo
9,600 SqFt
New
850 Clarence ST North Bay, ON P1B 3W2
UPDATED:
11/08/2024 02:33 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $171
MLS Listing ID X10414427
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
Zoning RM4
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Parking Type None
Others
Security Features Yes
Listed by Realty Executives Local Group Inc., Brokerage
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