Property Details

821 DOUGLAS STREET, North Bay, Ontario, P1B5B3

821 DOUGLAS STREET, North Bay, Ontario (ID 257978)
Representative
Susan Bos portrait
Susan Bos
Sales Representative
The Realty Firm Inc., Brokerage
Cell: 519-614-5370
Tel: 519-601-1160

$3,999,000 - For sale

ID#:257978

ATTENTION INVESTORS!!! This 50 unit, North Bay apartment building has had the same owner since the mid 70s. It has been meticulously cared for during that time. Some building features include new appliances, new boilers in 2018/2019, parking for 50 cars plus several guest parking spaces, coin operated laundry, building security/camera system etc. The owner has chosen to keep quite a few of the units vacant for personal reasons, and currently only rents to tenants 55 and older, no pets, no smoking etc. The remaining units are cleaned, painted, and ready to be filled, and the new owner could do so in short order. When full, the building is at an 8.5% CAP rate, based on the asking price. The potential in this building is huge! Showings start immediately! Dont miss this one! The numbers shown in the listing are based on full occupancy, minus a 3% vacancy allowance. (id:2471)

Location DescriptionDOUGLAS ST

Property Details
  • Property Address:821 DOUGLAS STREET, North Bay, Ontario, P1B5B3
  • Property Type:Multi-family
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
Structure Details for 821 DOUGLAS STREET, North Bay, Ontario, P1B5B3
  • Structure Style:Multi-Family
  • Building Age:1970
  • Heating Type:Other, Other
  • Architecture Style:Other, Multi-Unit
  • Storeys:7
  • Basement Type:None (Unfinished)
  • Foundation Type:Unknown
  • Cooling Type:None
  • Appliances Included:Alarm System
  • Rental Equipment:None
  • Exterior Type:Brick
Amenities for 821 DOUGLAS STREET, North Bay, Ontario, P1B5B3 Laundry- Coin operated
Representative
Susan Bos portrait
Susan Bos
Sales Representative
The Realty Firm Inc., Brokerage
Cell: 519-614-5370
Tel: 519-601-1160
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821 DOUGLAS STREET, North Bay, Ontario, P1B5B3

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