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173 King St

King St, West Nipissing / Nipissing Ouest, ON, P2B 1R6

-
Beds
-
Baths
5,000
Sq. Ft.
$750,000
List Price
Details
Photos
35
Comparables
History
173 King St, West Nipissing / Nipissing Ouest, ON - 1 of 3
173 King St, West Nipissing / Nipissing Ouest, ON - 2 of 3
173 King St, West Nipissing / Nipissing Ouest, ON - 3 of 3
New
7 days on market

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... Show More

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.

Property Details

Size

5,000 sq. ft.
0 Beds
0 Baths

Parking

12 Parking Spaces
-

Build

Year Built
1925
Model Name
-
Basement
Apartment
Exterior
Brick
Foundation
Concrete Block
Builder Name
-
Stories
-
Flooring
-
Roof
Asphalt Shingle

Heating & Cooling

Heating
Forced Air
Cooling
None

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$6,412.79

Source

Listing Brokerage

MLS® Listing
X12011514
Last Updated
March 11, 2025
Brokerage
KELLER WILLIAMS REFERRED URBAN REALTY
Call us 800-591-0566

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