12021 Highway 17, West Nipissing MLS Number: 40578274

Introducing 12021 Hwy 17, Sturgeon Falls – a prime investment opportunity featuring a blend of residential and commercial spaces, offering impressive income potential and a Vendor Take-Back (VTB) option. This fully renovated property boasts multiple income streams, making it an ideal addition to any savvy investor’s portfolio. The residential section (1856 sq.ft.) includes a spacious 3-bedroom main-floor apartment, a comfortable 2-bedroom basement apartment, and a cozy 1-bedroom studio apartment, each with its own heating zone, in-floor heat, and gas hot water radiant heating in the upper level. These modern features ensure high tenant satisfaction and occupancy rates. The commercial component comprises a 1,945 sq. ft. fully renovated building, housing a doctor’s office and an additional 525 sq. ft. leased space, generating a current annual income of $58,590. With over $800,000 invested in renovations in the commercial unit alone, this space is turnkey and requires minimal maintenance. Additionally, the newly constructed 30x40 double-door garage offers extra storage or business use opportunities. This property promises diverse income streams, with a potential gross annual income of $122,791 when the residential units are fully rented. The commercial rentals alone can significantly offset living expenses, allowing for a balanced and profitable investment. The owner-occupied nature of the property provides the flexibility to select your own tenants and efficiently manage the property. With commercial zoning (C2), there is ample opportunity for expanding business operations on the expansive 1.358-acre property.