850 Clarence Street, North Bay | Image 1

850 Clarence Street

North Bay

  • Commercial

$X,XXX,XXX
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RM4

  • Age: 51-99 years

  • Taxes: 25424

  • MLS®#: X10414427

  • Days on Site: 7 Days

  • Added: Nov 01, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: Realty Executives Local Group Inc., Brokerage

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.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Area: North Bay

  • Availability Date: Immediate

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Hot Water

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 15

Fees

  • Tax Year: 2024

  • Tax Legal Description: SOUTH HALF OF LOT 127, AND LOT 128 PL 113, AS IN NB110167 CITY O

  • Taxes: $25,424

  • Taxes Type: Annual

Land

  • Cross Street: Athlone or Norwood S

  • Municipality District: North Bay

  • Parcel Number: 491600515

  • Lot Depth: 107.32 Feet

  • Lot Frontage: 109 Feet

  • Zoning: RM4

Commercial Specific

  • Sprinklers: Y

  • Total Area: 9600

  • Total Area Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Lot Code: Lot

Map of 850 Clarence Street, North Bay
JK-6

Woodland Public School

Elementary: Public
0.60 km
JK-6

St Alexander Separate School

Elementary: Catholic
0.43 km
JK-8

Mother St Bride School

Elementary: Catholic
1.29 km
7-8

École secondaire catholique Algonquin

Elementary: Catholic
1.10 km
JK-8

St Hubert Separate School

Elementary: Catholic
1.25 km
JK-6

Alliance French Immersion Public School

Elementary: Public
1.82 km
9-12

École secondaire publique Odyssée

Secondary: Public
3.23 km
9-12

West Ferris Secondary School

Secondary: Public
6.08 km
9-12

École secondaire catholique Algonquin

Secondary: Catholic
1.09 km
9-12

Chippewa Secondary School

Secondary: Public
1.88 km
9-12

Widdifield Secondary School

Secondary: Public
2.31 km
9-12

St Joseph-Scollard Hall Secondary School

Secondary: Catholic
1.52 km