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173 King Street, West Nipissing, ON P2B1R6
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$739,000
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Home Details for 173 King Street
Price
$739,000
Type
Single Family
Sq. Ft.
4999
Listing #
27424002
On exitrealty.com
145 days
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 dont want to miss! **EXTRAS** Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others. (id:31684)
- Heating Information
- Forced Air
- Natural Gas
- Basement
- N/A
- Fire Place
- False
Listing Courtesy: KELLER WILLIAMS REFERRED URBAN REALTY
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by and identify the quality of services provided by REALTORS®. Used under license. This information contained on this site is based in whole or in part on listing content from The Canadian Real Estate Association, which assumes no responsibility for its accuracy. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate AssociationData Terms of Use
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$739,000
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