For Sale: 26 Spring Street, West Nipissing, ON - REW
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$657,900
8 bd • 4 ba • 3000 - 3499 sf • Multifamily
26 Spring Street
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$657,900
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26 Spring StreetWest Nipissing, ON, P2B 3G7

  • 8 Bed
  • 4 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

Well-Maintained Legal 4-Plex with nice updates! This property features four spacious 2-bedroom units, each separately metered for hydro. Every unit offers the convenience of in-suite laundry and comes with dedicated parking spaces. With reliable tenants in place and low-maintenance utilities, this is an excellent opportunity to expand your investment portfolio with a solid, income-generating property. Gross income $78,623, Net Income before mortgage ( expenses: tax, gas, hydro, vacancy, maintenance, management, water, insurance) is $54,708 leaving a solid 8.05% Cap rate. Unit 1 is currently vacant and on the market to rent. (id:63626)
Listed by: MIKE BURMAN, Broker of Record, REALTY EXECUTIVES Local Group Inc., Brokerage

Home facts and features

Price details
List Price
$657,900
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Gross Taxes for 2025
$3,440
Home facts
Bedrooms
8
Full Bathrooms
4
Parking Spaces
8
Parking Details
No Garage
Property Type
Multifamily
Lot Size
88 ft x 132 ft (11616 ft²)
Depth
132 feet
Frontage
88.0 feet
Exterior Finish
Vinyl siding
Heating Type
Forced air, Natural gas
Features
Separate Electricity Meters, Smoke Detectors
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
MIKE BURMAN
Primary Broker
REALTY EXECUTIVES Local Group Inc., Brokerage
Listing details
Days on REW
6 Days
Property Views
40
MLS® Number
X14081352
Source
Canadian Real Estate Association
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Property Insights

ÉP Jeunesse-Active
  • Public
  • JK - 8
Franco-Cité
  • Catholic
  • 9 - 12
Résurrection
  • Catholic
  • JK - 8
Saint-Joseph School
  • Catholic
  • JK - 8
Northern School
  • Public
  • 9 - 12
White Woods Public School
  • Public
  • JK - 8
Our Lady of Sorrows School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker of Record
MIKE BURMAN
Phone:
(705) 477-4442
Cell:
705-477-4442
Office:
705-478-8588
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