173 KING STREET, West Nipissing, Ontario P2B 1R6
$739,000.00
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 dont want to miss! (id:25417)
Price reduced $11,000 (1.47%) from the list price.
- Listing ID: X9353133
- Property Type: Single Family
| Building | |
|---|---|
| Type: | Single Family Other |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | N/A |
| Utilities: | Cable, Sewer and Sanitary Sewer |
| Location | |
|---|---|
| Municipality: | West Nipissing |
| Province: | Ontario |
| Nearby Amenities: | Park |
Book a showing to see this King Street Home in West Nipissing
This property has so much to offer. Book a private showing now, as you do not want to miss out on 173 KING STREET in West Nipissing, Ontario!
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