$349,000
110 Clark ST
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About this home
Endless opportunity for the developer and business minded! Located within the heart of Atikokan's business community. This brick building is greater than 14,000 square feet on two levels. The layout lends itself to a multi-residential complex, and/or commercial use. There are 4 large rooms on the main floor, ideal for studio type apartments. Spacious common areas provide sound barriers and large windows give natural light and a spacious feel. Double wide entrances, one on the East end and one on the South side of the building. The lower level west wall, is primarily above ground, with large windows and more rooms to develop. The MacKenzie Ave. lots, being 132' x 132' are being included, but have their own legal description, and can be sold separately. Selling "as is/where is". The Buyer is responsible for approval of their intended use, with the Municipality of Atikokan Planning and Zoning Department. (id:65958)
- Subtype
- Multi-family
- Lot size
- 1.46 acres
- MLS#
- TB2600663
- Area
- ATIKOKAN
Cash on cash
-1.88%
Cap rate
5.51%
GRM
12.1
Break-even rent
$2,515
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.