$ 2,435,000
33-39 KING STREET E Cramahe (colborne), ON K0K1S0
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,435,000
Est. payment /mo
Active
33-39 KING STREET E Cramahe (colborne), ON K0K1S0
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Colborne
MLS® Listing ID X9265679
Originating Board Central Lakes Association of REALTORS®
Property Description
Exceptional investment opportunity in a prime downtown location! This nearly 10,000 sq ft mixed-use property features 9 residential and 3 commercial units, with 7 units currently tenanted. The two vacant residential units are being renovated for increased rental potential. Includes a fully operational, cash-generating Laundromat the only one in town owned by the seller. Zoned Village Commercial (VC), this property offers diverse usage options, with separate electrical panels for each unit. Ample owned and municipal parking available. Known as one of the nicest multi-residential buildings in town, it has a history of natural tenant turnover every 2-4 years, keeping rents competitive. Don't miss out on this rare opportunity! **** EXTRAS **** An excellent opportunity to separate the laundromat and sell that business. Further utility separation could explode your NOI and offer a huge bump in valuation. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by RE/MAX JAZZ INC.