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173 King St, West Nipissing
Cashback ~$7,738
$739,000
$750,000

173 King St, West Nipissing

Other
Property type
0
Bedrooms
0
Bathrooms

Property details

Status
Active
Square feet
5000
Building type
3-Storey
Roof
Asphalt Shingle
A/C
None
Heating
Forced Air
Foundation
Concrete Block
Pool
None
Exterior
Lake/Pond
Construction
Brick
Parking spaces
12
Age
100
Updated on
2025-02-14, 11:51 p.m.
MLS® number
X9353133

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 dont want to miss! **EXTRAS** Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others.

$7,738 for this home
Justo provides you half of the agent’s commission on the sale.
Client Ambassador - Basma Ishaq

Here for your questions

Client Ambassador • Carolina Penuela
or call us at (315) 636-6522
Listed by: KELLER WILLIAMS REFERRED URBAN REALTY
Note: All the listing related information herein is deemed reliable but not guaranteed accurate by TRREB®, CREB® or MLS®. It is from sources deemed reliable, but should not be relied upon without independent verification.