ON > West Nipissing > Sturgeon Falls
West Nipissing, ON P2B 1R6,173 King ST
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West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 750,000
Est. payment /mo
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Active

173 King ST West Nipissing, ON P2B 1R6

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Sturgeon Falls

MLS Listing ID X12011514

Style 3-Storey

Building Age 100+

Annual Tax Amount $6,412

Tax Year 2024

Property Sub-Type Other

Appx SqFt 5000 +

Property 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.

Location

Province ON

County Nipissing

Community Sturgeon Falls

Area Nipissing

Rooms

Basement Apartment

Kitchen 0

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 12

Building

Unit Features Lake/Pond,Park

Foundation Concrete Block

Listed by KELLER WILLIAMS REFERRED URBAN REALTY
agent

Jethro Seymour

Broker

+1(416) 712-0767

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173 King ST

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