173 King ST Active

West Nipissing,ON P2B 1R6

$ 750000

0 Bed

0 Bath

- SqFt


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

State ON

County Nipissing

Community Sturgeon Falls

Area Nipissing

Rooms

Basement Apartment

Kitchen 0

Interior

Interior Features None

Cooling None

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 12

Building

Foundation Concrete Block

Others

Senior Community No

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