Size
-
Lot size
-
Street frontage
-
Possession
Immediate
Price per sqft
$12 - $152
Taxes
$6,412.79 (2024)
Parking Type
-
Style
3-Storey
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Description
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, generating a total of $98,302.08 in annual income with a solid 8.66% ROI.Commercial Units: Unit A Office cleaning company. Lease extended through July 1, 2025. Tenant pays hydro. Rent: $898/mo (with HST), increasing to $920.45/mo after renewal. Unit B Accountants office. All-inclusive 5-year lease from May 2022 to May 2027 with 5% annual increases. Current rent: $957.74/mo (with HST).Residential Units: 1-Bedroom (tenant pays hydro & heat): $741.74 4-Bedroom (all-inclusive): $1,938.00 Bachelor: $785.15 3-Bedroom (tenant pays hydro & heat): $948.71 Basement Apartment: $1,000.00 Bachelor: $922.50Property is fully leased with a mix of all-inclusive and tenant-paid utility arrangements. Excellent tenancy, stable cash flow, and prime location make this an ideal addition to any portfolio.Extras: Some residential units include laundry.
Broker: KELLER WILLIAMS REFERRED URBAN REALTY
MLS®#: X12011514
Property details
Parking:
12
Parking type:
-
Property type:
Other
Heating type:
Forced Air
Style:
3-Storey
MLS Size:
5000-65535 sqft
Listed on:
Mar 10, 2025
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