4bed
6bathProperty type
Store W Apt/Office
Lot size
N/A
Style
2-Storey
Approx. Area
N/A
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.
Last updated
Apr 21
Virtual tour
None
Basement information
Separate Entrance, Unfinished
Building size
--
Status
In-Active
Property sub type
Store W Apt/Office
Maintenance fee
$N/A
Year built
--
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