Karim Ellis

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(647) 675-3205

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173 KING STREET, West Nipissing, Ontario

$750,000

8,859 Square Feet

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! (id:23309)

Listing ID: X9352950
Property Type: Multi-family

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Details

Parking Spaces: 12
Transaction: For sale
Zoning Description: C1

Building

Fireplace Present: False
Heating: Forced air
Heating Fuel: Natural gas
Size Exterior: 8859 sqft
Size Interior: 8859 sqft
Type: Multi-Family
Utility Water: Municipal water

Land

Size Frontage: 134 ft ,8 in
Size Irregular: Bldg=134.67 x 65.87 FT ; 134.67 ftx65.87 ftx 34.31 ftx65.87 ft

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 September 17th, 2024. Contact Karim Ellis to schedule a viewing or to discover other West Nipissing real estate for sale.

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