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$ 1,175,000
Est. payment | /mo
6,318 SqFt
$ 1,175,000
Est. payment | /mo
6,318 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,318 sqft
Price per Sqft $185
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
Listed by Page & Associates Realty, Brokerage
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