26 Spring Street
West Nipissing, ON
- 8 bed
- 4 bath
- approx. 3000-3500 sqft
- Fourplex
- 41 days on market
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 $77619.36, Net Income before mortgage ( expenses: tax,gas,hydro,vacancy, maintenance, management, water, insurance) is $54,709 leaving a solid 8.05% Cap rate.
Listing Details
- Taxes (2025)
- $3,440
- Listed
- August 10, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Water Heater Owned, Separate Hydro Meter
- Lot Size
- 88 x 132 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 8
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Ramsay St.
- Zoning
- R2
- Parcel Number
- 490780335
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 4 Fridges, 4 Stoves, 4 Washers, 4 Dryers
- Rental Items
- None
Schools
Elementary
- École publique Jeunesse-Active0.8 km
French public · CS public du Nord-Est de l'Ontario · 280 students
Grade 3 reading: 52% met the provincial standard · Grade 6 math: 38% met the provincial standard
- École séparée La Résurrection1.2 km
French Catholic · CSDC Franco-Nord · 190 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 65% met the provincial standard
- École élémentaire catholique Saint-Joseph1.6 km
French Catholic · CSDC Franco-Nord · 230 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 38% met the provincial standard
Secondary
- École secondaire catholique Franco-Cité1.1 km
French Catholic · CSDC Franco-Nord · 320 students
Grade 10 literacy: 86% met the provincial standard
- École secondaire publique Nipissing Ouest1.7 km
French public · CS public du Nord-Est de l'Ontario · 75 students
Grade 10 literacy: 81% met the provincial standard
- Northern Secondary School1.7 km
Public · Near North DSB · 175 students
Grade 10 literacy: 97% 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
Residential Freehold in West Nipissing · last 12 months
- Median sold price
- $380,000
- Homes sold
- 192
- Median days on market
- 30
- Sale-to-list price
- 97.1%
Based on 192 recorded sales of residential freehold properties in West Nipissing over the last 12 months.
Listed by
REALTY EXECUTIVES Local Group Inc. Brokerage
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Location
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Mortgage Calculator
$133,980
Estimated Monthly Payment
$3,291
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: $3,291/mo (20% down, 5.5%)
Taxes: $287/mo · Insurance: $167/mo
Estimates only. Consult a financial advisor.
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