173 King Street West Nipissing (Sturgeon Falls), Ontario P2B 1R6
$750,000
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. (id:50787)
Property Details
| MLS® Number | X12011514 |
| Property Type | Single Family |
| Community Name | Sturgeon Falls |
| Amenities Near By | Park |
| Parking Space Total | 12 |
Building
| Age | 100+ Years |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 5000 - 100000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park |
| Sewer | Sanitary Sewer |
| Surface Water | Lake/pond |
Utilities
| Cable | Available |
| Sewer | Available |
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March 25 2025 12:06:43
Toronto Real Estate Board
Keller Williams Referred Urban Realty