201 Nipissing Street, West Nipissing, Ontario, P2B1K4
MLS: 2127275 | Other (Freehold)
$1,199,500
Property Description
Cap rate sitting at over 8% with a return on investment exceeding $10,000 per month after expenses—this is a standout opportunity for savvy investors. With 5 units available for commercial lease, the property offers strong income potential and flexibility for a variety of business uses. Presenting a fully renovated 8,466 sq. ft. commercial building designed for both functionality and long-term value. This slab-on-grade property has undergone over $350,000 in recent upgrades, including complete electrical (200 amp, 3-phase/single-phase), plumbing, and HVAC systems. Constructed with durable masonry block and a combination of steel and wood framing, the building features multiple entry points, garage and storage areas, and parking for up to 12 vehicles, with additional space to accommodate large deliveries or trailers. Inside, you’ll find a modern open-concept reception and waiting area, multiple private units ready for lease or customization, several washrooms (including a 3-piece), as well as a full kitchen and lunchroom. The layout also presents the potential to convert select units into residential spaces (subject to approvals), adding another layer of value and income diversification. An accessible attic and partial basement provide additional storage options. (id:64974)
Quick Facts
- Property Type: Other (Freehold)
- Bedrooms: None
- Bathrooms: None
- Ownership: Freehold
Listing Provided by: RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
Board: Sudbury Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air
Exterior & Construction
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Zoning: C1
Listing Information
Listing History
MLS listing activity for 201 Nipissing Street, West Nipissing, Ontario, P2B1K4 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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201 Nipissing Street, West Nipissing, Ontario, P2B1K4