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

$750,000 ^{FOR SALE}

3-Storey

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 dont want to miss!

Extras

Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others.

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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: West Nipissing Other Properties for Sale
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

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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

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