173 King Street, West Nipissing, Ontario P2B 1R6

Listed for:
$759,000
0 beds
0 baths
Listed 162 days ago
Other for rent: 173 King Street, West Nipissing, Ontario P2B 1R6

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Learn more about this property
Listing provided by:
KELLER WILLIAMS REFERRED URBAN REALTY
MLS® number:
X12011514
Agent:
Vlad Petoukhov
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About

King St. and Queen St. Outstanding investment opportunity in the heart of Sturgeon Falls! This fully tenanted mixed-use property at 173 King St. features 2 commercial units and 6 residential apartments, generating a total of $98,302.08 in annual income with a solid 8.66% ROI.Commercial Units: Unit A Office cleaning company. Lease extended through July 1, 2025. Tenant pays hydro. Rent: $898/mo (with HST), increasing to $920.45/mo after renewal. Unit B Accountants office. All-inclusive 5-year lease from May 2022 to May 2027 with 5% annual increases. Current rent: $957.74/mo (with HST).Residential Units: 1-Bedroom (tenant pays hydro & heat): $741.74 4-Bedroom (all-inclusive): $1,938.00 Bachelor: $785.15 3-Bedroom (tenant pays hydro & heat): $948.71 Basement Apartment: $1,000.00 Bachelor: $922.50Property is fully leased with a mix of all-inclusive and tenant-paid utility arrangements. Excellent tenancy, stable cash flow, and prime location make this an ideal addition to any portfolio.Extras: Some residential units include laundry. (id:27476)

Property Highlights

MLS® Number
X12011514
Type
Single Family
Community Name
Sturgeon Falls
Parking Space Total
12

Building

Building Type
Other
Storeys
3.00
Square Footage
5000 - 100000 sqft
Amenities
Park
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A
Basement Features
Apartment in basement
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

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