$750,000
Available - For Sale
Listing ID: X12013440
173 King St , West Nipissing, P2B 1R6, Ontario
| 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. |
| Price | $750,000 |
| Taxes: | $6412.79 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 173 King St , West Nipissing, P2B 1R6, Ontario |
| Postal Code: | P2B 1R6 |
| Province/State: | Ontario |
| Lot Size: | 134.67 x 65.87 (Feet) |
| Directions/Cross Streets: | King St. and Queen St. |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 8859.00 |
| Total Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Franchise: | N |
| Sprinklers: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | N |
| Elevator Lift: | None |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS REFERRED URBAN REALTY |
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Samuel Okafor
Sales Representative
Dir:
416-414-7577
Bus:
416-414-7577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Nipissing |
| Municipality: | West Nipissing |
| Neighbourhood: | Sturgeon Falls |
| Lot Size: | 134.67 x 65.87(Feet) |
| Approximate Age: | 100+ |
| Tax: | $6,412.79 |
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