About 850 Clarence Street
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. (id:36535)
Features of 850 Clarence Street
| Listing # | 40663794 |
|---|---|
| Price | $1,650,000 |
| Bedrooms | 16 |
| Bathrooms | 12.00 |
| Square Footage | 9,600 |
| Acres | 0.00 |
| Year Built | 1957 |
| Type | Multi-family |
| Sub-Type | Freehold |
Community Information
| Address | 850 Clarence Street |
|---|---|
| Subdivision | West End |
| City | North Bay |
| Province | Ontario |
| Postal Code | P1B3W2 |
Amenities
| Amenities | Airport, Golf Nearby, Hospital, Place of Worship, Playground, Public Transit, Schools, Shopping |
|---|---|
| Features | Paved driveway, Shared Driveway, Laundry- Coin operated |
| Parking Spaces | 15 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
Exterior
| Exterior | Brick, Metal |
|---|
Listing Details
| Office | Courtesy Of MIKE BURMAN Of REALTY EXECUTIVES Local Group Inc. Brokerage |
|---|
