231 Clark ST new Save Request In-Person Tour Request Virtual Tour
West Nipissing,ON P2B 1A6
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Sturgeon Falls
MLS Listing ID X12222698
Style 1 1/2 Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $2,879
Tax Year 2024
Property Sub-Type Triplex
Appx SqFt 1500-2000
Property Description
231 Clark St - Exceptional investment opportunity in the heart of Sturgeon Falls! This fully retrofitted triplex offers a turn-key solution for investors or owner-occupiers seeking reliable rental income. The property features three self-contained units: a spacious 2-bedroom apartment in the basement, a large 2-bedroom unit on the main floor, and a bright and updated 1-bedroom unit on the second floor. Each unit has its own private entrance, individual hydro meter, and in-unit laundry hookups and storage units. Generating a gross annual income of $41,520 with approximate expenses of $12,888, this property provides a solid net income of $28,632. Ideally located within walking distance to downtown amenities, schools, and parks, this is a high-performing asset in a growing community. Asking $439,900
Location
Province ON
County Nipissing
Community Sturgeon Falls
Area Nipissing
Zoning R3
Rooms
Family Room No
Kitchen 3
Interior
Cooling None
Exterior
Parking Features Private Triple
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete Block
New Construction false