ON > North Bay
North Bay, ON P1B 3W2,850 Clarence Street
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North Bay, ON P1B 3W2,850 Clarence Street
North Bay, ON P1B 3W2,850 Clarence Street
North Bay, ON P1B 3W2,850 Clarence Street
North Bay, ON P1B 3W2,850 Clarence Street
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Ivan Gascho

Ivan Gascho

+1(519) 573-7440
$ 1,650,000
Est. payment /mo
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Active Under Contract

850 Clarence Street North Bay, ON P1B 3W2

16 Beds

12 Baths

6,400 SqFt

UPDATED:

11/20/2024 12:40 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,400 sqft

Price per Sqft $257

MLS Listing ID 40663794

Bedrooms 16

Abv Grd Liv Area 9,600

Originating Board North Bay

Year Built 1957

Annual Tax Amount $25,424

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 North Bay

Zoning RM4

Direction Algonquin Avenue to Jane Street. Follow Jane to Clarence.

Rooms

Other Rooms None

Basement Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters, Other

Heating Natural Gas, Radiator

Cooling None

Fireplace No

Appliance Hot Water Tank Owned, Refrigerator, Stove

Laundry Coin Operated, Common Area

Exterior

Exterior Feature Controlled Entry, Private Entrance, Year Round Living

Garage Asphalt, Exclusive, Mutual/Shared

Waterfront No

Roof Type Asphalt Shing

Street Surface Paved

Handicap Access Accessible Public Transit Nearby

Lot Frontage 109.0

Lot Depth 107.32

Garage No

Building

Lot Description Square, Airport, Near Golf Course, Highway Access, Hospital, Major Anchor, Place of Worship, Playground Nearby, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby, Trails

Faces Algonquin Avenue to Jane Street. Follow Jane to Clarence.

Story 3

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

Structure Type Brick,Metal/Steel Siding

New Construction No

Others

Senior Community false

Tax ID 491600515

Ownership Freehold/None

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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850 Clarence Street