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$ 750,000
Est. payment /mo
Active
173 King ST West Nipissing, ON P2B 1R6
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Sturgeon Falls
MLS Listing ID X12011514
Style 3-Storey
Building Age 100+
Annual Tax Amount $6,412
Tax Year 2024
Property Sub-Type Other
Property Description
This mixed-use property offers steady cash flow from 2 commercial units and 6 residential apartments, generating over $95,000 in annual income. Unit A: Office cleaning company, lease renewed through July 2025, tenant pays hydro ($898 with HST). Unit B: Accountants office, 5-year lease through May 2027 with 5% annual increases ($934.38 with HST). Residential Units: Includes a 4-bedroom apartment, bachelor units, and more, with a mix of all-inclusive and tenant-paid utilities. With an 8.66% ROI and strong tenancy in place, this property is perfect for investors seeking a reliable income stream. Its an opportunity you don't want to miss! **EXTRAS** Some tenants have laundry and others don't.
Location
Province ON
County Nipissing
Community Sturgeon Falls
Area Nipissing
Rooms
Basement Apartment
Kitchen 0
Interior
Interior Features None
Cooling None
Exterior
Parking Features Other
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 12
Building
Foundation Concrete Block
Lited by KELLER WILLIAMS REFERRED URBAN REALTY