201 Nipissing Street,West Nipissing,Ontario,P2B1K4
For sale
$1,199,500
201 Nipissing Street,West Nipissing,Ontario,P2B1K4
Cap rate sitting at over 8% with a return on investment exceeding $10,000 per month after expensesâ??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, youâ??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:63658)
PROPERTY SUMMARY
| MLS® # | : | 2127275 |
| Listing price | : | $1,199,500 |
| Listed on | : | 01-05-2026 |
| Property subtype | : | For sale |
| Square footage | : | 0 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY) |
BEDROOM & BATHROOM
| Total bedrooms | : | 0 Bedrooms |
| Total bathrooms | : | 0 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : |