9
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$750,000
Est. payment /mo
8,859 SqFt
Active
173 King ST West Nipissing, ON P2B 1R6
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,859 sqft
Price per Sqft $84
Subdivision Sturgeon Falls
MLS Listing ID X12013440
Building Age 100+
Annual Tax Amount $6,412
Tax Year 2024
Property Sub-Type Investment
Lot Depth 65.87
Lot Front 134.67
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
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 134.67
Lot Depth 65.87
Others
Security Features No
Listed by KELLER WILLIAMS REFERRED URBAN REALTY
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