173 King Street, West Nipissing (Sturgeon Falls), Ontario P2B 1R6 (28010576)


LOADING

8,859 ft2
Forced Air

$759,000

Outstanding investment opportunity in the heart of Sturgeon Falls! This fully tenanted mixed-use property at 173 King St. features 2 commercial units and 6 residential apartments, generating a total of $98,302.08 in annual income with a solid 8.66% ROI.Commercial Units: Unit A Office cleaning company. Lease extended through July 1, 2025. Tenant pays hydro. Rent: $898/mo (with HST), increasing to $920.45/mo after renewal. Unit B Accountants office. All-inclusive 5-year lease from May 2022 to May 2027 with 5% annual increases. Current rent: $957.74/mo (with HST).Residential Units: 1-Bedroom (tenant pays hydro & heat): $741.74 4-Bedroom (all-inclusive): $1,938.00 Bachelor: $785.15 3-Bedroom (tenant pays hydro & heat): $948.71 Basement Apartment: $1,000.00 Bachelor: $922.50Property is fully leased with a mix of all-inclusive and tenant-paid utility arrangements. Excellent tenancy, stable cash flow, and prime location make this an ideal addition to any portfolio.Extras: Some residential units include laundry. (id:59911)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12013440
Property Type Multi-family
Community Name Sturgeon Falls
Parking Space Total 12

Building

Age 100+ Years
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

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Vlad Petoukhov
Salesperson

(416) 572-1016
www.purpletree.group

Keller Williams Referred Urban Realty
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2

(416) 572-1016
(416) 572-1017
www.whykwru.ca/

Mitra Nobakht-Eivaly
Salesperson

(416) 572-1016
www.purpletreegroup.ca/

Keller Williams Referred Urban Realty
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2

(416) 572-1016
(416) 572-1017
www.whykwru.ca/