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$449,900
Est. payment /mo
3 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12257626
Building Age 51-99
Annual Tax Amount $3,445
Tax Year 2025
Property Sub-Type Investment
Property Description
This solid brick property offers a fantastic opportunity for savvy investors. Thoughtfully updated throughout, it features a modern kitchen and bathroom, fresh flooring, paint, and more. The main living area includes five spacious bedrooms, two full bathrooms, and convenient in-home laundry and is currently renting at $3750 monthly. At the rear of the home, a separate entrance leads to a self-contained granny suite, complete with its own full kitchen, laundry, one bedroom, and a full bathroom. The cozy living area is enhanced by a charming gas fireplace, perfect for added comfort and appeal. This unit is currently renting at $1750 monthly. If you're an investor seeking a strong addition to your portfolio, this versatile property has great cash flow with an NOI of $53,000 per year and is being sold just shy of a 12 cap rate.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Interior
Cooling Yes
Inclusions fridge x2, stove x2, dishwasher x2 washer and dryer.
Exterior
Utilities Available Available
Lot Frontage 32.94
Lot Depth 133.89
Others
Security Features No
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Listed by Royal LePage Northern Life Realty, Brokerage