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850 CLARENCE Street, North Bay, Ontario, P1B 3W2

MLS® # 40663794
Investment For Sale In North Bay, Ontario
$1,650,000
850 Clarence Street, North Bay, ON - Outdoor With Facade
850 Clarence Street, North Bay, ON - Outdoor
850 Clarence Street, North Bay, ON - Outdoor With Facade
850 Clarence Street, North Bay, ON - Outdoor
Back of Building - 850 Clarence Street, North Bay, ON - Outdoor
Back Entrance - 850 Clarence Street, North Bay, ON - Outdoor
850 Clarence Street, North Bay, ON - Outdoor
Parking Lot - 850 Clarence Street, North Bay, ON - Outdoor
850 Clarence Street, North Bay, ON - Outdoor With Exterior
850 Clarence Street, North Bay, ON - Indoor Photo Showing Other Room
850 Clarence Street, North Bay, ON - Indoor Photo Showing Other Room
Entrance from Parking Lot - 850 Clarence Street, North Bay, ON - Indoor Photo Showing Other Room
850 Clarence Street, North Bay, ON - Indoor Photo Showing Basement
850 Clarence Street, North Bay, ON - Indoor Photo Showing Laundry Room
850 Clarence Street, North Bay, ON - Photo Showing Other Room
850 Clarence Street, North Bay, ON - Indoor Photo Showing Basement
850 Clarence Street, North Bay, ON - Outdoor With Facade
850 Clarence Street, North Bay, ON - Outdoor
850 Clarence Street, North Bay, ON - Outdoor With Facade
850 Clarence Street, North Bay, ON - Outdoor
Back of Building - 850 Clarence Street, North Bay, ON - Outdoor
Back Entrance - 850 Clarence Street, North Bay, ON - Outdoor
850 Clarence Street, North Bay, ON - Outdoor
Parking Lot - 850 Clarence Street, North Bay, ON - Outdoor
850 Clarence Street, North Bay, ON - Outdoor With Exterior
850 Clarence Street, North Bay, ON - Indoor Photo Showing Other Room
850 Clarence Street, North Bay, ON - Indoor Photo Showing Other Room
Entrance from Parking Lot - 850 Clarence Street, North Bay, ON - Indoor Photo Showing Other Room
850 Clarence Street, North Bay, ON - Indoor Photo Showing Basement
850 Clarence Street, North Bay, ON - Indoor Photo Showing Laundry Room
850 Clarence Street, North Bay, ON - Photo Showing Other Room
850 Clarence Street, North Bay, ON - Indoor Photo Showing Basement
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Home Insurance - TD Insurance
Get a home insurance quote online for this $1,650,000 property in North Bay
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Home Insurance - TD Insurance

Get a home insurance quote online for this $1,650,000 property in North Bay

Provided by TD Insurance
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ACTIVE
850 CLARENCE Street, North Bay, Ontario, P1B 3W2
$1,650,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick, Metal
  • Fire Protection: Alarm system, Unknown
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 16
  • Bathrooms: 12
  • Access Type: Road access, Highway access
  • Amenities Nearby: Airport, Golf Nearby, Hospital, Playground, Public Transit, Schools, Shopping
  • Built in: 1957
  • Community Features: School Bus
  • Features: Paved driveway, Shared Driveway, Laundry- Coin operated
  • Lot Depth: 107.0 Feet
  • Lot Frontage: 109.0 Feet
  • Zoning: RM4
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 15

Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage

REALTOR.ca  

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Location of 850 CLARENCE Street, North Bay, Ontario, P1B 3W2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

46/100

Moderate

ClimateCheck®

Current data

This property, 850 CLARENCE Street , experiences 7 hot days per year at around 29.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 32.9 degrees Celsius.

Projected Avg. Temperature

Past
29.5℃
2050
32.9℃

# Hot Days Per Year

Past
7
2050
32

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

65/100

Moderate-High

ClimateCheck®

Current data

This property, 850 CLARENCE Street , experiences 11 significant 2-day storms per year, with about 322.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.8mm of precipitation per year.

Precipitation Per Storm

Past
322.2mm
2050
408.8mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 850 CLARENCE Street, North Bay, Ontario, P1B 3W2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$114,073.87

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.21 %

High school certificate or equivalent

25.82 %

Apprenticeship trade certificate/diploma

8.63 %

College/non-university certificate

22.73 %

University certificate (below bachelor)

2.18 %

University Degree

25.44 %

Commuter

Travel To Work

By Car

88.72 %

By Public Transit

1.55 %

By Walking

5.7 %

By Bicycle

0.0 %

By Other Methods

4.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.2 %

Houses

86.8 %

Own Vs. Rent

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