189 MAIN Street, Nipissing | Image 1

189 MAIN Street

Nipissing

  • Commercial

$X,XXX,XXX
For Sale

Added 1 day ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: C1

  • Age: No Data

  • Taxes: 9468.09

  • MLS®#: X11894798

  • Days on Site: 1 Days

  • Added: Dec 17, 2024 (1 day ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: Page & Associates Realty, Brokerage

189 Main Street (Sturgeon Falls) - Excellent investment opportunity located in the heart of Sturgeon Falls! This property features 2 commercial spaces fully rented, 2 1-bedroom apartments, 2 2-bedroom apartments and a 3 bedroom apartment. This investment brings in fantastic revenue with most leases plus utilities. There are separate gas and hydro meters for every unit. The main electrical cable was upgraded to 400 amps in 2022 from Sudbury Hydro. The 2-2 bedroom apartments and 1-3 apartment are newly built in 2022 from a former commercial space with new heat pumps added in these units for energy efficiency. New roof in 2022. Potential for more revenue would be to convert the basement, which has its own entrance, into storage spaces. Come and see this great property to add to your portfolio. Listed at $1,175,000.

Property

  • Status: Sale

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Availability Date: Flexible

  • Assessment Amount: $523,000

  • Assessment Year: 2024

Building

  • Basement: Y

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 14 W/S MAIN ST PL 11 SPRINGER; PT LT 13 W/S MAIN ST PL 11 SPR

  • Taxes: $9,468

  • Expenses: Act

  • Insurance Fee: 4800

  • Operating Fees: 25484

  • Hydro Expense: 1800

  • Heat Expenses: 1200

Land

  • Cross Street: From Front St (Highw

  • Parcel Number: 490790594

  • Sewer: Sewers

  • Lot Depth: 132 Feet

  • Lot Frontage: 103 Feet

  • Zoning: C1

Commercial Specific

  • Total Area: 6318

  • Total Area Metric: Sq Ft

Map of 189 MAIN Street, Nipissing
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