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Est. payment | /mo
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X9353133
Style 3-Storey
Annual Tax Amount $6,412
Tax Year 2023
Property Sub-Type Other
Property Description
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 dont want to miss! **EXTRAS** Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others.
Location
Province ON
County Nipissing
Area Nipissing
Rooms
Basement Apartment
Kitchen 0
Interior
Interior Features None
Cooling None
Exterior
Parking Features Other
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 12
Building
Foundation Concrete Block
Lited by KELLER WILLIAMS REFERRED URBAN REALTY