ON > West Nipissing > Sturgeon Falls
West Nipissing, ON P2B 1P3,189 MAIN ST
West Nipissing, ON P2B 1P3,189 MAIN ST
West Nipissing, ON P2B 1P3,189 MAIN ST
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$1,175,000
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189 MAIN ST West Nipissing, ON P2B 1P3

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Sturgeon Falls

MLS Listing ID X11894798

Annual Tax Amount $9,468

Tax Year 2024

Property Sub-Type Commercial Retail

Property Description

189 Main Street, Sturgeon Falls *Prime Investment Opportunity in the Heart of Sturgeon Falls!* This fully rented, high-income property is an exceptional investment opportunity, offering a mix of commercial and residential units in a prime downtown location. The building features two commercial spaces, two 1-bedroom apartments, two 2-bedroom apartments, and one 3-bedroom apartment, generating strong revenue with most leases plus utilities. Designed for efficiency and long-term value, the property includes separate gas and hydro meters for every unit. In 2022, the main electrical cable was upgraded to 400 amps by Sudbury Hydro, ensuring a modern and reliable system. Further adding to its appeal, the two 2-bedroom apartments and the 3-bedroom apartment were newly built in 2022 from a former commercial space and now feature energy-efficient heat pumps. The roof was also replaced in 2022, enhancing the property's durability. For additional income potential, the basement equipped with its own private entrance could be converted into storage spaces. This is a rare chance to acquire a turnkey, high-performing investment in a thriving location. Listed at $1,175,000.

Location

Province ON

County Nipissing

Community Sturgeon Falls

Area Nipissing

Zoning C1

Rooms

Kitchen 0

Interior

Cooling Partial

Exterior

Pool None

Utilities Available Yes

Roof Type Unknown

Lot Frontage 103.0

Lot Depth 132.0

Exposure West

Total Parking Spaces 14

Building

Foundation Concrete Block

New Construction false

Others

Security Features No

ParcelsYN No

Listed by Page & Associates Realty, Brokerage
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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189 MAIN ST

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