173 King Street, West Nipissing (Sturgeon Falls), Ontario, P2B1R6




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$699,900
West Nipissing
This multi-family property in West Nipissing is for sale offering roughly 8,859 sq ft of space. It has been on the market 28 days, fresher than the West Nipissing average of 91 days.
Excellent investment opportunity in the heart of Sturgeon Falls! Fully tenanted mixed-use property featuring 2 commercial units and 6 residential apartments on a spacious 66' x 132' lot, conveniently located just off Highway 17. C1 zoning, 12 dedicated parking spaces and multiple income streams make this an attractive addition to any investment portfolio. Current gross rental income is $8,518.97/month ($102,227.64 annually). A turnkey opportunity with strong rental income and excellent potential in the growing community of West Nipissing. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 28 days on market, against an average age of 91 days across the listings currently for sale in this city
This multi-family in West Nipissing (Sturgeon Falls) has been listed for 28 days, which is 63 days fresher than the city average of 91. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $699,900, about 10.6× the local median household income of $66,000.
Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 107% above the area median.
Source: Statistics Canada, 2021 Census (FSA P2B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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