173 King Street
West Nipissing West Nipissing P2B 1R6

$750,000 /For Sale
Commercial

Main Photo: 173 King Street in West Nipissing: Property for sale : MLS®# X9352950
Photo 1: 173 King Street in West Nipissing: Property for sale : MLS®# X9352950
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X9352950
Bus Major:
Apts-6 To 12 Units
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!
King St. and Queen St.
Property Type:
Commercial
Commercial Type:
Investment
Approx. Age:
100+
Depth:
65'10½"
Frontage:
134'8"
Total Area:
8,859 sq. ft.
Zoning:
C1
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
None
Total Parking Spaces:
12
Possession Details:
Immediate
Lot Irregularities:
134.67 ftx65.87 ftx 34.31 ftx65.87 ft
Taxes:
$6,412.79 / 2023
Assessment:
$- / -
Utilities:
A
Water supply:
Municipal
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Air Conditioning:
N
Chattels:
No
Log/Bldg/Unit Code:
Building
Sprinkler system:
No
Type Taxes:
Annual
Category:
Apartment
Major Business Type:
Apts-6 To 12 Units
Franchise:
No
Freestanding:
Yes
Date Listed:
Sep 17, 2024
Original Price:
$750,000
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Data was last updated October 14, 2024 at 11:55 AM (UTC)