Address
201 Nipissing Street, West Nipissing, ON
Price
$ 949,999
Property Attributes
- ID#2129932
- TypeCommercial
- Listing Status Active
- MunicipalityWest Nipissing
- CityWest Nipissing
- AreaWest Nipissing
- Postal CodeP2B 1K4
- Style
- Price$ 949,999
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Opportunity knocks with this cash-flowing commercial investment offering exceptional income potential, with projected returns of over $10,000 per month after expenses. Whether you're expanding your portfolio, operating your own business, or looking for a multi-unit property with future upside, this opportunity offers incredible flexibility. This fully renovated 8,466 sq. ft. commercial building features 5 commercial units ready for lease, with versatile space suited to a variety of business uses. The slab-on-grade property has benefited from over $350,000 in upgrades, including electrical with 200-amp, 3-phase/single-phase service, plumbing, and HVAC systems. Constructed with durable masonry block, steel, and wood framing, the building offers multiple entrances, garage and storage areas, parking for up to 12 vehicles, and additional space for trailers, equipment, or deliveries. Inside, you'll find a modern reception and waiting area, multiple private units ready for occupancy or customization, several washrooms including a 3-piece bathroom, and a full kitchen/lunchroom. An accessible attic and partial basement provide even more storage. The flexible layout also offers potential for residential conversion of select units, subject to approvals, creating additional income possibilities. A rare opportunity to own a turnkey commercial property with strong cash flow, versatility, and long-term growth potential. (id:7434)
General Features
| Property Type | Other |
|---|---|
| Zoning Description | C1 |
| Building Type | Commercial Mix |
| Ownership Type | Freehold |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
Exterior Features
| Sewer | Municipal sewage system |
|---|
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in P2B 1K4
Price
