8
See all 8 photos
$750,000
Est. payment /mo
Active
173 King ST West Nipissing, ON P2B 1R6
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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
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 12
Building
Unit Features Lake/Pond,Park
Foundation Concrete Block
Listed by KELLER WILLIAMS REFERRED URBAN REALTY