173 King Street, West Nipissing, ON P2B 1R6

West Nipissing P2B 1R6 Ontario

MLS: X12013440

$750,000

Added 45 days ago | For Sale

Listed by: KELLER WILLIAMS REFERRED URBAN REALTY

About Property

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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 134.67 X 65.87
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:King St. and Queen St.
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $6412.79
  • Bedrooms:
  • Total Parking Spaces:12
  • Parking Places:12
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12013440

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