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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.
City: West Nipissing
Neighborhood: Sturgeon Falls
Purchase Price | $750000 |
Down Payment | $150000 |
Mortgage Insurance | $0 |
Total Mortgage | $600000 |
Mortgage Payment | $3697 |
Property Taxes | $534 |
Maintenance Fees | $0 |
Monthly Payment | $4232 |
Located at 173 King St , this West Nipissing house is available for sale. This property was listed for $750,000 on Mon Mar 10 2025. This house's size is 5000 + Sqft. It has null bedrooms and null bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 12 parking spots. 173 King St, West Nipissing is situated in the Sturgeon Falls neighbourhood.
MLS#: X12011514 · $750,000 · null bedroom house in Sturgeon Falls, West Nipissing