$657,900
Est. payment $2,913/moCalculate yours
26 Spring Street, West Nipissing, ON P2B 3G7
Sturgeon Falls, West Nipissing, ON P2B 3G7
- 8 Beds
- 4 Baths
- 3,000 Sq Ft
Listing courtesy of REALTY EXECUTIVES Local Group Inc. Brokerage MLS® X14081352
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.
Property details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,000 sqft
Interior
- Bedrooms
- 8
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 88 x 132 Feet
- Parking
- None garage · 8 total
- Zoning
- R2
Financial
- Property Taxes
- $3,440 (2025)
Location
- Neighbourhood
- Sturgeon Falls
- Cross Street
- Pembroke St.
- Direction Faces
- South
Listing
- MLS® Number
- X14081352
- Days on Market
- 3
- Listed On
- 2026-10-15
- Possession
- Flexible
- Listed By
- REALTY EXECUTIVES Local Group Inc. Brokerage
Features
Interior
- Separate Hydro Meter
- Water Heater Owned
Property
- Golf
- Hospital
- Public Transit
- Rec./Commun.Centre
- School
- School Bus Route
Pool
- None
- Included
- 4 Fridges, 4 Stoves, 4 Washers, 4 Dryers
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$2,913 per month
- Principal and interest
- $2,913
- Property tax
- $287
- Condo fees
- $0
- Estimated monthly cost
- $3,200
Your mortgage
- Mortgage amount
- $526,320
- Mortgage insurance
- Not needed
- Interest over 25 years
- $347,592
Cash to close
- Down payment
- $131,580
- Land transfer tax
- $9,633
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $141,213
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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