209 King Street Sturgeon Falls, Ontario P2B 1R8
$1,800,000
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. Projected Gross Revenue $222,785. With a potential cap rate of 8.5%. Seller currently in the process of transitioning to long term rentals, current market rents to be applied. (id:50886)
Property Details
| MLS® Number | 40654405 |
| Property Type | Office |
| AmenitiesNearBy | Schools |
| CommunityFeatures | High Traffic Area |
| Features | Visual Exposure |
Building
| BasementType | Partial |
| ExteriorFinish | Brick, Vinyl Siding |
| FireProtection | Alarm System, Security System |
| StoriesTotal | 3 |
| SizeExterior | 11592.0000 |
| SizeInterior | 11592 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 264 Ft |
| SizeFrontage | 66 Ft |
| SizeIrregular | 0.407 |
| SizeTotal | 0.407 Ac|under 1/2 Acre |
| SizeTotalText | 0.407 Ac|under 1/2 Acre |
| ZoningDescription | C1 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/27477308/209-king-street-sturgeon-falls
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Tucker Roy
Salesperson
51 Main Street S
Callander, Ontario P0H 1H0
Sohail Rouhani
Salesperson
128 Mcintyre St W Unit 101
North Bay, Ontario P1B 1Y6
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October 23 2024 05:52:28
North Bay Real Estate Board
RE/MAX Crown Realty (1989) Inc, RE/MAX Crown Realty (1989) Inc.