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Home ON West Nipissing
173 KING STREET
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173 KING STREET $750,000
$750,000
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173 KING STREET
West Nipissing (Sturgeon Falls), Ontario P2B1R6

MLS® Number: X12011514
0
Bathrooms
5000 - 100000
Square Feet

Listing 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. (40017506)

Location Description

King St. and Queen St.

Property Summary

Property Type
Single Family
Building Type
Other
Storeys
3
Square Footage
5000 - 100000 sqft
Community Name
Sturgeon Falls
Age Of Building
100+ years
Annual Property Taxes
$6,412.79
Parking Type
No Garage
Time on REALTOR.ca
15 days

Building

Bathrooms
Total
0
Interior Features
Basement Features
Apartment in basement
Basement Type
N/A
Building Features
Foundation Type
Block
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Available), Sewer (Available)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Park
Parking
Parking Type
No Garage
Total Parking Spaces
12

Measurements

Square Footage
5000 - 100000 sqft

Land

Waterfront Features
Surface Water
Lake/Pond
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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