173 King St
West Nipissing, P2B1R6
For Sale
$750,000

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Apartment
CATEGORY8,859 Sq Ft
TOTAL AREAX12013440
MLSIDContact 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.
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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
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Listing contracted with Keller Williams Referred Urban Realty









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