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$1,590,000
Price drop by $60,000Status: For Sale
Turnkey Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades such as ESA report 2019, fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 2 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X11928875 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :31 Mar, 2025 (8 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Nipissing |
|---|---|
| Postal Code | :
P1B 4M2
|
| Price | : $1,590,000 |
|---|---|
| Property Taxes | :$15533.0 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + 3 |
|---|---|
| No. of Rooms | :30 |
| Heating | :Other |
| Cross Street | :Main St. W. |
| Bathrooms | :5 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :5000 + sqft |
| Fireplace/Stove | :No |
| Exterior Finish | :Brick, Stucco (Plaster) |
|---|---|
| Parking Space | :14 |
| Basement | :No |
| Garage | :Built-In |
|---|
31 Mar, 2025
TREB #X11928875
Price Change
$1,590,000
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$1,590,000
245 Mattawa Street, Nipissing, ON
Listing ID #X11928875
Price drop by $60,000