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

$739,000

MLS® # X9353133

House For Sale In West Nipissing, Ontario

$739,000

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 dont want to miss! **** EXTRAS **** Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others. (id:27)

Building Features:

  • Building Type: Other
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas

Property Features:

  • Property Type: Single Family
  • Amenities Nearby: Park
  • Surface Water:
  • Utility Type: Sewer - Available, Cable - Available
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 12

Courtesy of: KELLER WILLIAMS REFERRED URBAN REALTY

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

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

Additional Photos