$249,900

For sale

100 Nipissing Street, West Nipissing (Sturgeon Falls) - Multi-family for Sale

100 Nipissing Street, West Nipissing (Sturgeon Falls), Ontario, P2B1J5

5 beds2 baths3 parking2,250 ft²50 × 132 ft (6,600 sq ft) lot sizeListed 32 days ago

Overview

This multi-family property in West Nipissing is for sale offering roughly 2,250 sq ft of space. It has been on the market 32 days, fresher than the West Nipissing average of 91 days.

Multi-Family Properties for Sale in West Nipissing →All real estate in West Nipissing →

Description

Attention Investors and Portfolio Builders! Incredible value add addition to your investment portfolio in the heart of Sturgeon Falls. This fully occupied duplex sits on a generous 50 ft x 132 ft lot and offers immense long term potential for the savvy buyer looking to optimize equity and rental income over time. Front Unit: A spacious main-floor layout featuring 3 bedrooms, a full 4 piece bathroom, a massive eat-in kitchen (6.56 m x 5.86 m), and a bright living room. Back Unit: A separate 2 bedroom, 1 bathroom setup, providing an excellent secondary revenue stream. The property needs work and is being sold "as is, where is," making it the perfect opportunity to update at your own pace while collecting immediate rental income. Located with quick access to Highway 17 and walking distance to local amenities. (id:66096)

Property Details

MLS®: X13861928
Property Type: Multi-family
Zoning: R2
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 50 × 132 ft (6,600 sq ft)
Frontage: 50 ft
Basement: Crawl space
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $2,577.94/yr
Listed: 32 days ago

Rooms

Main level

Kitchen: 6.56 x 5.86 meters
Living room: 5.86 x 3.45 meters
Primary Bedroom: 3.53 x 3.45 meters
Bedroom: 3.53 x 2.56 meters
Bedroom: 3.4 x 2.98 meters
Bathroom: 2.54 x 2.19 meters
Laundry room: 3.51 x 1.95 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable, Telephone, Wireless

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

West Nipissing (Sturgeon Falls) listings, avg age

91d

Price / ft²

$111

List price

$250K

Haho

This 5-bed multi-family in West Nipissing (Sturgeon Falls) has been listed for 32 days, which is 59 days fresher than the city average of 91. Act while there is still low competition.

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Listed by Century 21 Blue Sky Region Realty Inc., Brokerage · NATALIE PAQUIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P2B)

This home lists at $249,900, about 3.8× the local median household income of $66,000.

Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $66,000
Population: 9,754
Median age: 50.4
Owner / renter: 60% / 40%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P2B)

$249,900· $111/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,495

Min 5%50%

Mortgage payment$1,316/mo

↳ CMHC premium ($9,496 capitalized)

Property tax (est.)$215/mo

Total monthly$1,531

Cash Needed to Close

Down payment (5%)$12,495

Land transfer tax$2,224

Est. closing costs$3,250

Total cash needed$17,969

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