ON > West Nipissing - Nipissing Ouest
West Nipissing / Nipissing Ouest, ON P2B 1R8,209 KING ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,800,000
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209 KING ST West Nipissing / Nipissing Ouest, ON P2B 1R8

11,592 SqFt

UPDATED:

11/27/2024 08:42 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

Zoning C1

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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209 KING ST