173 King Street, West Nipissing, Ontario P2B 1R6 (27423819)
$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 don't want to miss! **EXTRAS** Some tenants have laundry and others don't. (id:54662)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X9352950 |
| Property Type | Multi-family |
| Parking Space Total | 12 |
Building
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 8859 Sqft |
| Size Interior | 8,859 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 65 Ft ,10 In |
| Size Frontage | 134 Ft ,8 In |
| Size Irregular | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
| Size Total Text | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
| Zoning Description | C1 |
Interested in 173 King Street, West Nipissing, Ontario P2B 1R6?
Mitra Nobakht-Eivaly
Salesperson
www.purpletreegroup.ca/
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
(416) 572-1016
(416) 572-1017
www.whykwru.ca/
Vlad Petoukhov
Salesperson
www.purpletree.group
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
(416) 572-1016
(416) 572-1017
www.whykwru.ca/