173 King Street West Nipissing, Ontario P2B 1R6
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Mitra Nobakht-Eivaly
Salesperson
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
Vlad Petoukhov
Salesperson
156 Duncan Mill Rd Unit 1
Toronto, Ontario M3B 3N2
$739,000
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! **** EXTRAS **** Some tenants have laundry and others don't. (id:58576)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X9352950 |
| Property Type | Multi-family |
| ParkingSpaceTotal | 12 |
Building
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeExterior | 8859 Sqft |
| SizeInterior | 8859 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 65 Ft ,10 In |
| SizeFrontage | 134 Ft ,8 In |
| SizeIrregular | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
| SizeTotalText | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
| ZoningDescription | C1 |
https://www.realtor.ca/real-estate/27423819/173-king-street-west-nipissing
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December 18 2024 12:04:44
Toronto Real Estate Board
Keller Williams Referred Urban Realty
Why Sell With Dharm Gill?
Selling your home with Dharm Gill means leveraging expert market knowledge, personalized marketing strategies, and dedicated support to ensure you get the best value. Dharm Gill’s commitment to excellence and client-focused approach guarantees a seamless and successful selling experience.
