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

$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

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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: West Nipissing Investment for Sale
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

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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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