ON > West Nipissing > Sturgeon Falls
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
West Nipissing, ON P2B 3B1,209 King ST
West Nipissing, ON P2B 3B1,209 King ST
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Gary Mackin

Gary Mackin

+1(647) 226-2576
$ 1,499,900
Est. payment | /mo

9 Baths

11,592 SqFt

Save
$ 1,499,900
Est. payment | /mo
Save

9 Baths

11,592 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 11,592 sqft

Price per Sqft $129

Subdivision Sturgeon Falls

MLS Listing ID X12095105

Building Age 31-50

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

Community Features Major Highway

Utilities Available Available

Lot Frontage 66.0

Lot Depth 264.0

Others

Security Features No

Listed by RE/MAX CROWN REALTY (1989) INC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 226-2576

gary@teammackin.ca

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209 King ST