173 King Street West Nipissing, Ontario P2B 1R6
$739,000
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:61015)
Property Details
| MLS® Number | X9353133 |
| Property Type | Single Family |
| Amenities Near By | Park |
| Parking Space Total | 12 |
Building
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park |
| Sewer | Sanitary Sewer |
| Surface Water | Lake/pond |
Utilities
| Cable | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/27424002/173-king-street-west-nipissing
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December 18 2024 12:04:44
Toronto Regional Real Estate Board
Keller Williams Referred Urban Realty