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$739,000
Status: For Sale
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!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9352950 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :17 Dec, 2024 (4 Days ago) |
| Source | :TRREB |
| Area | :Nipissing |
|---|---|
| Postal Code | :
P2B 1R6
|
| Price | : $739,000 |
|---|---|
| Property Taxes | :$6412.79 |
| Tax Year | :2023 |
|---|
| Cross Street | :King St. and Queen St. |
|---|
| Fireplace/Stove | :No |
|---|
17 Dec, 2024
TREB #X9352950
Available
$739000.0
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$739,000
173 King St, Nipissing, Ontario
Listing ID #X9352950
Price drop by $11,000
Price drop by $11,000