173 King St
West Nipissing, P2B 1R6
FOR SALE
$739,000
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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 dont want to miss!
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Extras
Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others.
Property Features
Lake/Pond, Park
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Property Details
Street
City
Property Type
Other, 3-Storey
Approximate Sq.Ft.
5000+
Fronting
West
Taxes
$6,413 (2023)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
12
Driveway
Available
Garage Type
Other
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Listing contracted with Keller Williams Referred Urban Realty
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