1/32173 KING STREET, West Nipissing (Sturgeon Falls)
173 KING STREET, West Nipissing (Sturgeon Falls), ON P2B1R6
$699,900 total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
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Occupancy
97%
About this property
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:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$37K
Annual cash flow
$-2K
Cash-on-cash
-0.80%
DSCR
0.96
Going-in cap
5.30%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
94,441
Households
44,125
Median income
$90,500
Median age
45.9
Daytime population
142,298
5-yr growth
3.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 173 KING STREET, West Nipissing (Sturgeon Falls).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.