ON > West Nipissing > Sturgeon Falls
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
West Nipissing, ON P2B 1R6,173 King ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 759,000
Est. payment | /mo
Save
$ 759,000
Est. payment | /mo
Save

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Sturgeon Falls

MLS Listing ID X12011514

Style 3-Storey

Building Age 100+

Annual Tax Amount $6,412

Tax Year 2024

Property Sub-Type Other

Property Description

Outstanding investment opportunity in the heart of Sturgeon Falls! This fully tenanted mixed-use property at 173 King St. features 2 commercial units and 6 residential apartments, generating a total of $98,302.08 in annual income with a solid 8.66% ROI.Commercial Units: Unit A Office cleaning company. Lease extended through July 1, 2025. Tenant pays hydro. Rent: $898/mo (with HST), increasing to $920.45/mo after renewal. Unit B Accountants office. All-inclusive 5-year lease from May 2022 to May 2027 with 5% annual increases. Current rent: $957.74/mo (with HST).Residential Units: 1-Bedroom (tenant pays hydro & heat): $741.74 4-Bedroom (all-inclusive): $1,938.00 Bachelor: $785.15 3-Bedroom (tenant pays hydro & heat): $948.71 Basement Apartment: $1,000.00 Bachelor: $922.50Property is fully leased with a mix of all-inclusive and tenant-paid utility arrangements. Excellent tenancy, stable cash flow, and prime location make this an ideal addition to any portfolio.Extras: Some residential units include laundry.

Location

Province ON

County Nipissing

Community Sturgeon Falls

Area Nipissing

Rooms

Basement Apartment

Kitchen 0

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 12

Building

Unit Features Lake/Pond,Park

Foundation Concrete Block

Listed by KELLER WILLIAMS REFERRED URBAN REALTY
advisor-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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