850 Clarence Street, North Bay
- Bedrooms: 16
- Bathrooms: 12
- Living area: 9600 square feet
- Added: 20 days ago
- Updated: 2 days ago
- Last Checked: 5 hours ago
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:1945)
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Property DetailsKey information about 850 Clarence Street
- Cooling: None
- Heating: Natural gas
- Stories: 3
- Year Built: 1957
- Exterior Features: Brick, Metal
- Type: 12-unit income property
- CAP Rate: 8%
- Units: Bachelor: 1, One-bedroom: 6, Two-bedroom: 5
Interior FeaturesDiscover the interior design and amenities
- Basement: Finished, Full
- Living Area: 9600
- Bedrooms Total: 16
- Above Grade Finished Area: 6400
- Below Grade Finished Area: 3200
- Above Grade Finished Area Units: square feet
- Below Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
- Below Grade Finished Area Source: Other
- Renovations: Bachelor unit undergoing renovations
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 850 Clarence Street
- Lot Features: Paved driveway, Shared Driveway, Laundry- Coin operated
- Water Source: Municipal water
- Parking Total: 15
- Parking: Ample on-site parking
Location & CommunityUnderstand the neighborhood and community
- Directions: Algonquin Avenue to Jane Street. Follow Jane to Clarence.
- Common Interest: Freehold
- Subdivision Name: West End
- Community Features: School Bus
- Proximity: Public Transportation: On a public transportation route, College: Minutes from college, University: Minutes from university
- Amenities: Schools: true, Parks: true, Restaurants: true, Shopping Centers: true
- Neighborhood: Highly sought-after area
Business & Leasing InformationCheck business and leasing options available at 850 Clarence Street
- Rental Income: Robust rental income
- Demand: High demand for rentals
Utilities & SystemsReview utilities and system installations
- Sewer: Municipal sewage system
Tax & Legal InformationGet tax and legal details applicable to 850 Clarence Street
- Tax Annual Amount: 25424
- Zoning Description: RM4
Additional FeaturesExplore extra features and benefits
- Security Features: Alarm system, Unknown
- Number Of Units Total: 12
- Buyers Package: Available for qualified buyers upon request
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