173 King Street West Nipissing, Ontario P2B 1R6
$759,000
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:24801)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12013440 |
| Property Type | Multi-family |
| Community Name | Sturgeon Falls |
| Parking Space Total | 12 |
Building
| Age | 100+ Years |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 8859 Sqft |
| Size Interior | 8,859 Ft2 |
| 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 |
Contact Us
Contact us for more information
Vlad Petoukhov
Salesperson
www.purpletree.group/
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
(416) 572-1016
(416) 572-1017
www.whykwru.ca/
Mitra Nobakht-Eivaly
Salesperson
www.purpletreegroup.ca/
www.facebook.com/purpletreegroup.ca/
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
(416) 572-1016
(416) 572-1017
www.whykwru.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 30 2025 06:22:23
Toronto Regional Real Estate Board
Keller Williams Referred Urban Realty