201 Nipissing Street, West Nipissing

$949,999

For sale: Other

Other at 201 Nipissing Street, West Nipissing
Property type
Other
MLS®
MLS® 2129932

Opportunity knocks with this cash-flowing commercial investment offering exceptional income potential, with projected returns of over $10,000 per month after expenses. Whether you're expanding your portfolio, operating your own business, or looking for a multi-unit property with future upside, this opportunity offers incredible flexibility. This fully renovated 8,466 sq. ft. commercial building features 5 commercial units ready for lease, with versatile space suited to a variety of business uses. The slab-on-grade property has benefited from over $350,000 in upgrades, including electrical with 200-amp, 3-phase/single-phase service, plumbing, and HVAC systems. Constructed with durable masonry block, steel, and wood framing, the building offers multiple entrances, garage and storage areas, parking for up to 12 vehicles, and additional space for trailers, equipment, or deliveries. Inside, you'll find a modern reception and waiting area, multiple private units ready for occupancy or customization, several washrooms including a 3-piece bathroom, and a full kitchen/lunchroom. An accessible attic and partial basement provide even more storage. The flexible layout also offers potential for residential conversion of select units, subject to approvals, creating additional income possibilities. A rare opportunity to own a turnkey commercial property with strong cash flow, versatility, and long-term growth potential.

Sold data

Homes in West Nipissing — recent sold market

Homes in West Nipissing took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 64, across 61 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.

The median sale price was $379,900.

Homes sold for about 4.0% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$379,900
Sale-to-list ratio
96.0%
Sold above asking
15%

Based on 61 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 201 Nipissing Street