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$1,650,000
Status: For Sale
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 Type | :Residential Income |
|---|---|
| MLS Number | :40663794 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :17 Nov, 2024 (19 Hours ago) |
| Source | :North Bay |
| Area | :Nipissing |
|---|---|
| City | :North Bay |
| Area Major | :North Bay |
| Area Minor | :West End |
| Postal Code | :
P1B 3W2
|
| Directions | :Algonquin Avenue to Jane Street. Follow Jane to Clarence. |
| Price | : $1,650,000 |
|---|---|
| Property Taxes | :$25424 |
| Tax Year | :2024 |
|---|
| Bedrooms | :16 + |
|---|---|
| Heating | :Natural Gas |
| Place of Worship | :No |
| Cross Street | :Athlone or Norwood Streets |
| Bathrooms | :12 |
|---|---|
| Approx Square Footage | :9600 sqft |
01 Nov, 2024
TREB #40663794
Listed
$1650000
