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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, Ontario P2B1R6

MLS® Number: X9352950

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. (36776769)

Location Description

King St. and Queen St.

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Land Size
Bldg=134.67 x 65.87 FT ; 134.67 ftx65.87 ftx 34.31 ftx65.87 ft
Annual Property Taxes
$6,412.79
Total Parking Spaces
12
Time on REALTOR.ca
61 days

Building

Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Parking
Total Parking Spaces
12

Measurements

Square Footage
8859 sqft
Exterior Building Size
8859 sqft

Land

Lot Features
Frontage
134 ft ,8 in
Land Depth
65 ft ,10 in
Other Property Information
Zoning Description
C1
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
416-572-1016
REALTOR® Website
Email
Book showing
KELLER WILLIAMS REFERRED URBAN REALTY
Brokerage
156 DUNCAN MILL RD UNIT 1
TORONTO, Ontario M3B3N2
416-572-1016
416-572-1017
Office Website
VLAD PETOUKHOV
Salesperson
416-572-1016
REALTOR® Website
Email
Book showing
KELLER WILLIAMS REFERRED URBAN REALTY
Brokerage
156 DUNCAN MILL RD UNIT 1
TORONTO, Ontario M3B3N2
416-572-1016
416-572-1017
Office Website

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