Matthew Tenk
Broker of Record
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 don't want to miss! **** EXTRAS **** Some tenants have laundry and others don't. (id:39551)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X9352950 |
| Property Type | Multi-family |
| Parking Space Total | 12 |
Building
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 8859 Sqft |
| Size Interior | 8859 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 65 Ft ,10 In |
| Size Frontage | 134 Ft ,8 In |
| Size Irregular | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
| Size Total Text | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/27423819/173-king-street-west-nipissing
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Toronto Real Estate Board
Keller Williams Referred Urban Realty
October 16 2024 06:56:15
