173 King St

For Sale
$750,000
173 King St, West Nipissing
173 King St
173 King St
173 King St
173 King St
173 King St
173 King St
173 King St
173 King St
173 King St
Apartment
CATEGORY
8,859 Sq Ft
TOTAL AREA
X12013440
MLSID
Contact Us
Property Description
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.
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
C1
Total Area
8,859 Sq Ft
Lot Size
135' x 66'
Taxes
$6,413 (2024)
Parking Spaces
12
Listing contracted with Keller Williams Referred Urban Realty
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