$750,000
FOR SALE

3-Storey


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 dont want to miss!
Extras
Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others.
Share
Listed By KELLER WILLIAMS REFERRED URBAN REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9353133
Last Updated Sep 17, 2024
Property Summary
Property Type Other

More like this:
Legal Description LT 17 W/S KING ST PL 11 SPRINGER S/T NB158959; WEST NIPISSING ; DISTRICT OF NIPISSING
Possession Date Immediate
Taxes (2023) $6,412.79
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
Fronting On W
Property Features Lake/Pond, Park
Special Designations Unknown
Approximate Square Footage 5000+
Approximate Age 100+
Exterior Brick
Elevator N
Air Conditioning None
Fireplace/Stove N
Pool None
Basement Apartment
Drive Available
Garage Spaces 0.0
Garage Type Other
Parking Spaces 12
Total Parking Spaces 12.0
Retirement N
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Utilities-Hydro A
Utilities-Gas A
Utilities-Cable A
Utilities-Telephone A
Water Municipal
UFFI No
Seller Property Info Statement Y

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)