189 Main Street
West Nipissing, P2B 1P3
FOR SALE
$1,175,000

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Commercial Retail
CATEGORY6,318 Sq Ft
TOTAL AREAX11894798
MLSIDContact Us
Property Description
189 Main Street, Sturgeon Falls *Prime Investment Opportunity in the Heart of Sturgeon Falls!* This fully rented, high-income property is an exceptional investment opportunity, offering a mix of commercial and residential units in a prime downtown location. The building features two commercial spaces, two 1-bedroom apartments, two 2-bedroom apartments, and one 3-bedroom apartment, generating strong revenue with most leases plus utilities. Designed for efficiency and long-term value, the property includes separate gas and hydro meters for every unit. In 2022, the main electrical cable was upgraded to 400 amps by Sudbury Hydro, ensuring a modern and reliable system. Further adding to its appeal, the two 2-bedroom apartments and the 3-bedroom apartment were newly built in 2022 from a former commercial space and now feature energy-efficient heat pumps. The roof was also replaced in 2022, enhancing the property's durability. For additional income potential, the basement equipped with its own private entrance could be converted into storage spaces. This is a rare chance to acquire a turnkey, high-performing investment in a thriving location. Listed at $1,175,000.
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Property Details
Address
189 Main Street
Community
City
Postal Code
P2B 1P3
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
C1
Lot Size
103' x 132'
Total Area
6,318 Sq Ft
Retail Area
1,476 Sq Ft
Acreage
13,596.0 Feet
Taxes
$9,468 (2024
Heat Type
Gas Forced Air Open
Water
Municipal
Parking Spaces
14
Garage Type
Outside/Surface
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Listing contracted with Page & Associates Realty, Brokerage
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