173 King Street West Nipissing, 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:61852)
Property Details
| MLS® Number | X12011514 |
| Property Type | Single Family |
| Community Name | Sturgeon Falls |
| AmenitiesNearBy | Park |
| ParkingSpaceTotal | 12 |
Building
| Age | 100+ Years |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 4999.958 - 99999.6672 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Park |
| Sewer | Sanitary Sewer |
| SurfaceWater | Lake/pond |
Utilities
| Cable | Available |
| Sewer | Available |
Interested?
Contact us for more information
Vlad Petoukhov
Salesperson
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
Mitra Nobakht-Eivaly
Salesperson
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
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March 25 2025 12:06:43
Toronto Real Estate Board
Keller Williams Referred Urban Realty
