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.
For sale
C$759,000
173 King St, West Nipissing, ON P2B 1R6
0beds
0baths
Single Family Residence
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 152 days
- on Zillow |
- 2 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: May 21, 2025 at 01:52pm
Listed by:
KELLER WILLIAMS REFERRED URBAN REALTY
Source: TRREB,MLS®#: X12011514
Originating MLS®#: Toronto Regional Real Estate Board

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Forced Air, Gas
Cooling
- None
Features
- None
- Basement: Apartment
- Has fireplace: No
Interior area
- Living area range: 5000 + null
Property
Parking
- Total spaces: 12
- Parking features: Available
Features
- Stories: 3
- Pool features: None
Lot
- Features: Lake/Pond, Park
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Concrete Block
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: West Nipissing
Financial & listing details
- Annual tax amount: C$6,412
- Date on market: 3/11/2025
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