$1,800,000
Est. payment /mo
11,592 SqFt
Active
209 KING ST West Nipissing / Nipissing Ouest, ON P2B 1R8
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UPDATED:
12/23/2024 05:15 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 11,592 sqft
Price per Sqft $155
MLS Listing ID X10708664
Annual Tax Amount $16,500
Tax Year 2024
Property Description
Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. Projected Gross Revenue $222,785. With a potential cap rate of 8.5%. Seller currently in the process of transitioning to long term rentals, current market rents to be applied.
Location
Province ON
County Nipissing
Community Sturgeon Falls
Area Nipissing
Zoning C1
Region Sturgeon Falls
City Region Sturgeon Falls
Rooms
Basement Partial Basement
Kitchen 0
Interior
Cooling Unknown
Inclusions Fridge (6), Stove(6), Washer + Dryer (2), Window A/C Units (6), Security System
Exterior
Parking Features Other
Pool None
Utilities Available Unknown
Roof Type Unknown
Building
New Construction false
Others
Security Features Alarm System,Carbon Monoxide Detectors,Security System
Listed by RE/MAX CROWN REALTY (1989) INC
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