173 KING STREET, West Nipissing, Ontario
$759,000
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. (id:23309)
- Listing ID: X12011514
- Property Type: Single Family
Schedule a Tour
Schedule Private Tour
Karim Ellis would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Karim Ellis, who specializes in West Nipissing real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Karim Ellis find a property to match your lifestyle.
Listing provided by KELLER WILLIAMS REFERRED URBAN REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 173 KING STREET in West Nipissing Ontario. It was last modified on March 10th, 2025. Contact Karim Ellis to schedule a viewing or to discover other West Nipissing properties for sale.