173 King Street, West Nipissing, ON P2B 1R6

  • $739,000
  • $750,000
173 King Street, West Nipissing, ON P2B 1R6
Active For Sale
173 King Street, West Nipissing, ON P2B 1R6
173 King Street, West Nipissing, ON P2B 1R6
  • $739,000
  • $750,000

Overview

Property ID: HZX9352950
  • Investment, Commercial Sale
  • Property Type
  • 8859
  • Sqft

Description

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.

  • Address 173 King Street
  • City West Nipissing
  • State/county ON
  • Zip/Postal Code P2B 1R6

Details

Updated on February 14, 2025 at 11:51 pm
  • Property ID: HZX9352950
  • Price: $739,000
  • Property Size: 8859 Sqft
  • Garage Size: x x
  • Property Type: Investment, Commercial Sale
  • Property Status: Active, For Sale

Additional details

  • Utilities: Available
  • Cooling: No
  • County: Nipissing
  • Property Type: Commercial Sale

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