$750,000
FOR SALE

Investment

Lot: 134.67 x 65.87 ftTotal Area: 8,859 ft2
2023 Taxes: $6,412.79

173 King St
West Nipissing, ON P2B 1R6 | Nipissing

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.
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Listed By KELLER WILLIAMS REFERRED URBAN REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9352950
Last Updated Sep 17, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
Occupancy Tenant
Possession Date Immediate
Taxes (2023) $6,412.79
Tax Type Annual
Directions/Cross Streets King St. and Queen St.
Area Nipissing
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 134.67 x 65.87 ft
Lot Irregularities 134.67 ftx65.87 ftx 34.31 ftx65.87 ft
Total Area 8,859 ft2
Approximate Age 100+
Elevator None
Air Conditioning N
Basement Y
Chattels N
Garage Type None
Parking Spaces 12
Heat Type Gas Forced Air Closd
Sprinklers N
Utilities A
Water Municipal
Lot/Bldg/Unit Code Building
Zoning C1
Seller Property Info Statement N

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