








1/1064 NIPISSING STREET, West Nipissing (Sturgeon Falls), ON P2B1J3
$279,900 total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
88%
64 Nipissing Street in Sturgeon Falls is a detached duplex offering an opportunity for investors, renovators, or buyers looking for a multi-unit property with value-add potential. The main unit spans two levels and includes four bedrooms, one-and-a-half bathrooms, an eat-in kitchen, and in-unit laundry. The second unit is located on the third floor and features one bedroom, an open living and kitchen area, a four-piece bathroom, and its own laundry. The property sits on a 50' x 130' lot and includes a carport, ample driveway parking, backyard space and electric baseboard heating. The property requires updating and improvements, making it well suited to a buyer prepared to undertake renovations and reposition the property. Located minutes from shops, restaurants, grocery stores, and other everyday services in Sturgeon Falls. A straightforward opportunity for those looking to renovate, improve, and add a duplex to their investment portfolio. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$12K
Annual cash flow
$-3K
Cash-on-cash
-4.00%
DSCR
0.78
Going-in cap
4.34%
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
50,702
Households
23,466
Median income
$112,500
Median age
31.7
Daytime population
62,081
5-yr growth
4.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 64 NIPISSING 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.