209 KING STREET

West Nipissing (Sturgeon Falls), , P2B3B1, Canada

$1,499,900

10% Cap Rate - Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. 5 vacant apartments, Projected Gross Revenue: $223,290, Expenses: $73,687 Net Operating Income: $149,602.70.

EXTRAS: Washer, Dryer, Alarm System

Last updated on : Friday 20th of June 2025 03:55:55 PM

ADDRESS

Street : 209 KING STREET

City : West Nipissing (Sturgeon Falls)

Country : Canada

Postal Code : P2B3B1

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PROPERTY SUMMARY

Property ID : X12095105

Building Type : Other

Property Type : Retail

Bathrooms : 9

Parking : 20

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