209 King Street West Nipissing, Ontario P2B 3B1
$1,499,900
10% Cap Rate - Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. 5 vacant apartments, Projected Gross Revenue: $223,290, Expenses: $73,687 Net Operating Income: $149,602.70. (id:50886)
Property Details
| MLS® Number | X12095105 |
| Property Type | Retail |
| Community Name | Sturgeon Falls |
| Amenities Near By | Highway |
| Parking Space Total | 20 |
Building
| Bathroom Total | 9 |
| Age | 31 To 50 Years |
| Appliances | Dryer, Alarm System, Stove, Washer, Refrigerator |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 11,592 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway |
| Sewer | Sanitary Sewer |
| Size Depth | 264 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 264 Ft |
| Size Total Text | 66 X 264 Ft |
| Zoning Description | C1 |
Contact Us
Contact us for more information
Tucker Roy
Salesperson
51 Main Street S
Callander, Ontario P0H 1H0
(705) 713-0300
Shawn Roy
Salesperson
51 Main Street S
Callander, Ontario P0H 1H0
(705) 713-0300
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April 22 2025 03:06:49
North Bay and Area REALTORS® Association
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