189 MAIN Street Image 1

$1,175,000

Dec 17, 2024Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X11894798

189 MAIN Street, West Nipissing, ON P2B 1P3

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Average Price
117500000.0%
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Price Comparison

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Property Description

Property type

Commercial Retail

Lot size

< .50 acres

Style

Approx. Area

N/A

About 189 MAIN Street

189 Main Street, Sturgeon Falls *Prime Investment Opportunity in the Heart of Sturgeon Falls!* This fully rented, high-income property is an exceptional investment opportunity, offering a mix of commercial and residential units in a prime downtown location. The building features two commercial spaces, two 1-bedroom apartments, two 2-bedroom apartments, and one 3-bedroom apartment, generating strong revenue with most leases plus utilities. Designed for efficiency and long-term value, the property includes separate gas and hydro meters for every unit. In 2022, the main electrical cable was upgraded to 400 amps by Sudbury Hydro, ensuring a modern and reliable system. Further adding to its appeal, the two 2-bedroom apartments and the 3-bedroom apartment were newly built in 2022 from a former commercial space and now feature energy-efficient heat pumps. The roof was also replaced in 2022, enhancing the property's durability. For additional income potential, the basement equipped with its own private entrance could be converted into storage spaces. This is a rare chance to acquire a turnkey, high-performing investment in a thriving location. Listed at $1,175,000.

Home Overview

Last updated

Mar 17

Virtual tour

None

Basement information

Building size

6318

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

2024

Listed by Page & Associates Realty, Brokerage

Additional Details

Basement:N/A
Cooling:Partial
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$4487.70/ month
$940,000 Principal and Interest
$1,128,000 Property Taxes

Location

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Walk Score for 189 MAIN Street

Some information about this property - MAIN Street

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