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$749,900 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
96%
Outstanding investment opportunity in the heart of Sturgeon Falls! This fully tenanted mixed-use property at 173 King St. features 2 commercial units and 6 residential apartments on a generous 66' x 132' lot just of Highway 17. Investors will appreciate the turn key potential of this solid asset with C1 zoning, which currently generates strong financial returns with a gross performance showing excellent revenue stability. The property completely eliminates parking headaches for tenants and patrons by featuring 12 dedicated spaces. Don't miss out on adding this high-yield commercial asset to your portfolio in the growing community of West Nipissing. Apartment #1: $779.57/month. Apartment #2: $2015/month. Apartment #3: $825.19/month. Apartment #4: $1000.89/month. Apartment #5: $1050/month. Apartment 6: $941.87/month. Commerce #1: $986/month. Commerce #2: $920.45/month. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$37K
Annual cash flow
$-4K
Cash-on-cash
-1.85%
DSCR
0.90
Going-in cap
4.99%
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.
Trade area within 3 miles of the property.
Population
48,520
Households
19,887
Median income
$85,500
Median age
41.5
Daytime population
56,463
5-yr growth
8.8%
Modelled estimates for illustration until a licensed census data provider is connected.
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.