• Mobile: 647-964-2184
  • Office: 905-230-3100
  • Fax: 905-230-8577

$759,000
Available - For Sale
Listing ID: X12011514
173 King Stre , West Nipissing, P2B 1R6, Nipissing


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.
Price $759,000
Taxes: $6412.79
Occupancy: Tenant
Address: 173 King Stre , West Nipissing, P2B 1R6, Nipissing
Directions/Cross Streets: King St. and Queen St.
Bedrooms: 0
Bedrooms +: 0
Basement: Apartment
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Total Area: 0.00
Approximatly Age: 100+
Property Type: Other
Style: 3-Storey
Exterior: Brick
Garage Type: Other
(Parking/)Drive: Available
Drive Parking Spaces: 12
Park #1
Parking Type: Available
Park #2
Parking Type: Available
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 5000 +
Property Features: Lake/Pond, Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: A
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KELLER WILLIAMS REFERRED URBAN REALTY
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Sumit Chopra
Broker
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905-230-3100
Fax:
905-230-8577
 
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At a Glance:
Type: Freehold - Other
Area: Nipissing
Municipality: West Nipissing
Neighbourhood: Sturgeon Falls
Style: 3-Storey
Lot Size: x 0.00()
Approximate Age: 100+
Tax: $6,412.79
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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