$1,199,000
West Nipissing
11702 Highway 17 Highway, West Nipissing (Sturgeon Falls), Ontario, P0H1G0
This retail property in West Nipissing is for sale offering roughly 5,000 sq ft of space. It has been on the market 14 days, fresher than the West Nipissing average of 89 days.
Prime Highway Commercial Investment Opportunity - Approximately 90% Leased with Stable Income! Turnkey Highway Commercial opportunity on busy Highway 17 between Sudbury and North Bay! This fully renovated 8-unit property has been updated from top to bottom with a modern, attractive finish and is ready for its next owner. Featuring 6 motel rooms and 2 attached one-bedroom apartment units, the property offers multiple income streams and excellent flexibility for investors or owner-operators. Situated on a high-exposure corner lot with over 2.5 acres of Highway Commercial-zoned land, this property benefits from exceptional visibility and thousands of vehicles passing by daily. The expansive lot provides endless potential for future growth, expansion, or additional commercial uses. Whether you're looking to continue the existing operation, expand the business, or capitalize on the prime location, this is a rare opportunity to own a highly visible commercial asset with income potential and tremendous upside. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 14 days on market, against an average age of 89 days across the listings currently for sale in this city
This retail in West Nipissing (Sturgeon Falls) has been listed for 14 days, which is 75 days fresher than the city average of 89. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,199,000, about 15.0× the local median household income of $80,000.
Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 193% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0H)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →