ON > West Nipissing > Sturgeon Falls
West Nipissing, ON P2B 3B1,209 King ST
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West Nipissing, ON P2B 3B1,209 King ST
West Nipissing, ON P2B 3B1,209 King ST
West Nipissing, ON P2B 3B1,209 King ST
West Nipissing, ON P2B 3B1,209 King ST
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 1,499,900
Est. payment /mo
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Pending

209 King ST West Nipissing, ON P2B 3B1

9 Baths

11,592 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Pending

Purchase Type For Sale

Square Footage 11,592 sqft

Price per Sqft $129

Subdivision Sturgeon Falls

MLS Listing ID X12313543

Annual Tax Amount $16,938

Tax Year 2024

Property Sub-Type Commercial Retail

Property Description

10% Cap Rate - 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. 5 vacant apartments, Projected Gross Revenue: $223,290, Expenses: $73,687 Net Operating Income: $149,602.70.

Location

Province ON

County Nipissing

Community Sturgeon Falls

Area Nipissing

Zoning C1

Interior

Cooling Partial

Inclusions Fridge (6), Stove(6), Washer + Dryer (2), Window A/C Units (6), Security System. All Furnishings in the Apartments.

Exterior

Utilities Available Available

Lot Frontage 66.0

Lot Depth 264.0

Building

Building Age 31-50

Others

Security Features No

Listed by RE/MAX CROWN REALTY (1989) INC
Jamie Black

Jamie Black

Sales Representative

+1(416) 496-9220

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209 King ST

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