173 King ST Active Save Request In-Person Tour Request Virtual Tour
West Nipissing,ON P2B 1R6
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
Appx SqFt 5000 +
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
Kitchen 0
Interior
Cooling None
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete Block