173 KING STREET, West Nipissing, Ontario, P2B 1R6

$750,000

MLS® # X9352950

Investment For Sale In West Nipissing, Ontario

$750,000

Property Information:

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. (id:27)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Heating Type: Forced air
  • Heating Fuel: Natural gas

Property Features:

  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 65.8 Feet
  • Lot Frontage: 134.7 Feet
  • Lot Size: Bldg=134.67 x 65.87 FT ; 134.67 ftx65.87 ftx 34.31 ftx65.87 ft
  • Zoning: C1
  • No. of Parking Spaces: 12

Courtesy of: KELLER WILLIAMS REFERRED URBAN REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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