201 Nipissing Street
West Nipissing, Ontario
- Other
Opportunity knocks with this cash-flowing commercial investment offering exceptional income potential and projected returns of over $10,000 per month after expenses. Whether you're expanding your portfolio, operating your own business, or seeking a multi-unit income property with future upside, this opportunity delivers. This fully renovated 8,466 sq. ft. commercial building features 5 commercial units ready for lease and flexible space suited to a variety of business uses. The slab-on-grade property has benefited from over $350,000 in upgrades, including electrical (200 amp, 3-phase/single-phase service), plumbing, and HVAC systems. Built with durable masonry block, steel, and wood framing, the property offers multiple entrances, garage and storage areas, and parking for up to 12 vehicles, plus additional room 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 additional storage. The layout also presents potential for residential conversion of select units (subject to approvals), creating added revenue opportunities and long-term appreciation. A rare chance to own a turnkey commercial property with strong income, flexibility, and future growth potential.
Price History
Schools
Secondary
- École secondaire catholique Franco-Cité0.6 km
French Catholic · CSDC Franco-Nord · 320 students
Grade 10 literacy: 86% met the provincial standard
- École secondaire publique Nipissing Ouest0.8 km
French public · CS public du Nord-Est de l'Ontario · 75 students
Grade 10 literacy: 81% met the provincial standard
- Northern Secondary School0.8 km
Public · Near North DSB · 175 students
Grade 10 literacy: 97% met the provincial standard
Elementary
- White Woods Public School0.7 km
Public · Near North DSB · 290 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 25% met the provincial standard
- École élémentaire catholique Saint-Joseph0.7 km
French Catholic · CSDC Franco-Nord · 230 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 38% met the provincial standard
- École séparée La Résurrection0.8 km
French Catholic · CSDC Franco-Nord · 190 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 65% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P2B
- Population
- 9,754
- Private dwellings
- 4,606
- Median age
- 50.4
- Average household size
- 2.2
- Median household income
- $66,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in West Nipissing · last 12 months
- Median sold price
- $378,750
- Homes sold
- 200
- Median days on market
- 30
- Sale-to-list price
- 97.2%
Based on 200 recorded sales of other properties in West Nipissing over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$210,000
Estimated Monthly Payment
$5,158
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,158/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $263/mo
Estimates only. Consult a financial advisor.
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