173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing
  • 173 KING STREET West Nipissing

173 KING STREET, West Nipissing, Ontario

$759,000

  • 8,859 Square Feet

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. (id:56241)

  • Listing ID: X12013440
  • Property Type: Multi-family
View Additional Photos

Schedule a Tour

Schedule Private Tour

Are you looking for a private viewing? Schedule a tour with one of our Ontario real estate agents.

Match your Lifestyle with your Home

Let us put you in touch with a REALTOR® who specializes in the Ontario market to match your lifestyle with your ideal home.
Get Started Now

Lifestyle Matchmaker

Let one of our Ontario real estate agents help you find a property to match your lifestyle.

Details

  • Parking Spaces: 12
  • Transaction: For sale
  • Zoning Description: C1

Building

  • Fireplace Present: False
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Exterior: 8859 sqft
  • Size Interior: 8859 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 134 ft ,8 in
  • Size Irregular: Bldg=134.67 x 65.87 FT ; 134.67 ftx65.87 ftx 34.31 ftx65.87 ft
MLS®

Listing provided by KELLER WILLIAMS REFERRED URBAN REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 173 KING STREET in West Nipissing Ontario. It was last modified on March 11th, 2025. Contact us to schedule a viewing or to discover other West Nipissing real estate for sale.

Request More Information

Want more information or schedule a showing? Let us put you in touch with one of our agents who specializes in Ontario properties.

Terms of Use Agreement

Terms of Use
This website is operated by Royal LePage® Ontario, a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this property is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Royal LePage® Ontario, and CREA.

Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Amendments
Royal LePage® Ontario may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

Agree Decline