Peter Guzzo

Sales Representative

(647) 808-1919

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173 KING STREET, West Nipissing, Ontario

$750,000

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

Listing provided by KELLER WILLIAMS REFERRED URBAN REALTY
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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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