173 King Street For Sale

West Nipissing, Sturgeon Falls, P2B 1R6

$750,000

Description

Listed by KELLER WILLIAMS REFERRED URBAN REALTY.

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.

Location

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  • Address: 173 King Street
  • Neighborhood: Sturgeon Falls
  • City: West Nipissing
  • State: Ontario
  • Postal Code: P2B 1R6

Property Details

  • Property ID: X12011514
  • Property Price: $750,000
  • Style: Other, 3-Storey
  • Sq/Ft: 5000 +
  • Garage: Other
  • Parking Spaces: 12
  • Year Built: 100+
  • Basement: Apartment
  • Central Vac.: N
  • Elevator: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $6,412.79 (2024)

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100