173 King Street West Nipissing, Ontario P2B 1R6
$750,000
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:50886)
Property Details
| MLS® Number | X9353133 |
| Property Type | Single Family |
| AmenitiesNearBy | Park |
| ParkingSpaceTotal | 12 |
Building
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 4999.958 - 99999.6672 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Park |
| Sewer | Sanitary Sewer |
| SurfaceWater | Lake/pond |
Utilities
| Cable | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/27424002/173-king-street-west-nipissing
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Contact us for more information
Mitra Nobakht-Eivaly
Salesperson
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
Vlad Petoukhov
Salesperson
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
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October 16 2024 06:56:20
Toronto Real Estate Board
Keller Williams Referred Urban Realty