173 KING STREET West Nipissing

173 KING STREET, West Nipissing, Ontario

$739,000

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! (id:23309)

  • Listing ID: X9353133
  • Property Type: Single Family

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Details

  • Amenities Nearby: Park
  • Parking Spaces: 12
  • Transaction: For sale

Building

  • BasementType: N/A
  • Basement Features: Apartment in basement
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Block
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 4999.958 - 99999.6672 sqft
  • Stories Total: 3
  • Type: Other
  • Utility Water: Municipal water

Land

  • Amenities: Park
  • Sewer: Sanitary sewer
  • Surface Water: Lake/Pond
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 173 KING STREET in West Nipissing Ontario. It was last modified on September 17th, 2024. Contact Peter Guzzo to schedule a viewing or to discover other West Nipissing properties for sale.

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