173 King Street Image 1

$750,000

Mar 11Investment For Sale
bedroomsbed
washrooms0bath
MLS - #X12013440

173 King Street, West Nipissing, ON P2B 1R6

0
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Average Price
75000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 173 King Street

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.

Home Overview

Last updated

Mar 11

Virtual tour

None

Basement information

Building size

8859

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Listed by KELLER WILLIAMS REFERRED URBAN REALTY

Additional Details

Basement:N/A
Cooling:No
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$2864.49/ month
$600,000 Principal and Interest
$720,000 Property Taxes

Location

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Walk Score for 173 King Street

Some information about this property - King Street

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