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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

    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.
    152 days
    on Zillow
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    2
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    Zillow last checked: 7 hours ago

    Listing updated: May 21, 2025 at 01:52pm

    Listed by:

    KELLER WILLIAMS REFERRED URBAN REALTY

    Source: TRREB,MLS®#: X12011514MLS LogoOriginating MLS®#: Toronto Regional Real Estate Board
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    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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