Size
-
Lot size
2018 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$217 - $260
Taxes
$10,804.02 (2025)
Parking Type
-
Style
2-Storey
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Description
Discover this thriving investment opportunity strategically located within walking distance to amenities, public transportation and beautiful Lake Nipissing. This well cared for, low maintenance building combines a long-term commercial tenant (Raven Hair Salon) and a small retail shop on the main floor with two updated two-bedroom apartments on the upper floor. The roof (shingles and membrane) was replaced in October 2022. There is a shared laundry on upper floor. The main floor is heated by gas forced air furnace while the upper apartments are heated by hydro (4 meters in back basement). Financially, this property supports a good cap rate generating a gross annual income of $76,620, providing consistent rental income from the secure, commercial leases ensuring steady cash flow from the residential leases. Don't miss out on this chance to secure a lucrative addition to your investment portfolio.
Broker: Royal LePage Northern Life Realty, Brokerage
MLS®#: X12016575
Property details
Parking:
No
Parking type:
-
Property type:
Store w/Apt/Offc
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
2500-3000 sqft
Lot front:
58 Ft
Lot depth:
34 Ft
Listed on:
Mar 13, 2025
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Instant estimate:
Not Available
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