North Bay, ON P1B 3W2,850 Clarence ST
North Bay, ON P1B 3W2,850 Clarence ST
North Bay, ON P1B 3W2,850 Clarence ST
North Bay, ON P1B 3W2,850 Clarence ST
North Bay, ON P1B 3W2,850 Clarence ST
North Bay, ON P1B 3W2,850 Clarence ST
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$ 1,650,000
Est. payment | /mo

9,600 SqFt


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$ 1,650,000
Est. payment | /mo
Save

9,600 SqFt

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

Area Nipissing

Zoning RM4

Interior

Cooling No

Exterior

Community Features Major Highway, Public Transit

Utilities Available Yes

Others

Security Features Yes

Listed by Realty Executives Local Group Inc., Brokerage
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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850 Clarence ST