ON > West Nipissing > Sturgeon Falls
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
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$750,000
Est. payment /mo
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8,859 SqFt
Active

173 King ST West Nipissing, ON P2B 1R6

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Kenneth Yim

Kenneth Yim

+1(416) 651-5653

UPDATED:

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

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

Zoning C1

Interior

Cooling No

Exterior

Parking Features None

Utilities Available Available

Building

Lot Description Building

Lited by KELLER WILLIAMS REFERRED URBAN REALTY

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agent

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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