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Key Facts
Key facts for 173 King Street
Property Type
House, 3-Storey
Parking
Other 0 garage, 12 parking
MLS #
X9353133
Size
5000 + sqft
Basement
Apartment
Listed on
2024-09-16
Lot size
-
Tax
$6,412.79 /yr
Days on Market
757
Approximate Age
100+
Maintenance Fee
-
Description
This mixed-use property offers steady cash flow from 2 commercial units and 6 residential apartments, generating over $95,000 in annual income. Unit A: Office cleaning company, lease renewed through July 2025, tenant pays hydro ($898 with HST). Unit B: Accountants office, 5-year lease through May 2...027 with 5% annual increases ($934.38 with HST). Residential Units: Includes a 4-bedroom apartment, bachelor units, and more, with a mix of all-inclusive and tenant-paid utilities. With an 8.66% ROI and strong tenancy in place, this property is perfect for investors seeking a reliable income stream. Its an opportunity you dont want to miss! **EXTRAS** Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others.
