173 King Street, West Nipissing | Image 1

173 King Street

West Nipissing

  • Commercial

$739,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: C1

  • Age: 100+ years

  • Taxes: 6412.79

  • MLS®#: X9352950

  • Days on Site: 92 Days

  • Added: Sep 16, 2024 (3 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: KELLER WILLIAMS REFERRED URBAN REALTY

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.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 100+

  • Area: West Nipissing

  • Availability Date: Immediate

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 12

Fees

  • Tax Year: 2023

  • Taxes: $6,413

  • Taxes Type: Annual

Land

  • Cross Street: King St. and Queen S

  • Municipality District: West Nipissing

  • Lot Depth: 65.87 Feet

  • Lot Frontage: 134.67 Feet

  • Lot Irregularities: 134.67 ftx65.87 ftx 3

  • Zoning: C1

Commercial Specific

  • Sprinklers: N

  • Total Area: 8859

  • Total Area Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Building

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Very Walkable

  • Most errands can be accomplished on foot.
75 /100

Bikeable

  • Some errands can be accomplished on bike.
54 /100
Map of 173 King Street, West Nipissing
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