Selling London, Strathroy and Area Since 1996
Mark Hornyak - Broker

Mark Hornyak

Broker

Cell: 519-859-3392
Service in English and Romanian
Monica Todoran

Monica Todoran

Sales Representative

Cell: 519-719-4844

821 DOUGLAS STREET, North Bay, Ontario, P1B5B3

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For sale, MLS®#: 257978
821 DOUGLAS STREET
North Bay Ontario
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0 Beds
0 Bath
$3,999,000

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)

Representative
Mark Hornyak and Monica Todoran Broker and Sales Representative,
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Property Details
  • Property Address: 821 DOUGLAS STREET, North Bay, Ontario, P1B5B3
  • Property Type: Multi-family
  • Zoning Description: RM3
  • Title: Freehold
  • Acreage: under 1/2 acre
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Total Parking Spaces: 50
Structure Details
  • Structure Style: Multi-Family
  • Storeys: 7
  • Building Age: 1970
  • Basement Type: None (Unfinished)
  • Heating Type: Other, Other
  • Cooling: None
  • Exterior Type: Brick
  • Foundation Type: Unknown
  • Appliances Included: Alarm System
Amenities / Features
  • Laundry- Coin operated

Listing Office: CENTURY 21 FIRST CANADIAN CORP

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821 DOUGLAS STREET, North Bay, Ontario, P1B5B3

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