33-39 King Street E Cramahe, Ontario K0K 1S0
$2,449,000
Rare Value! Your chance to get into a stellar investment. Own these 12 Unit, well-tenanted, Mixed-Use Brick Apartment Buildings in Downtown Colborne. A premium location. Enjoy an appreciating asset in a growing town close to Toronto & on the 401/407 route. Own a big chunk of the Main Street with tons of parking & YOUR OWN LAUNDROMAT for additional passive income- the only one in the vicinity! Property is in fantastic condition and close to Lake Ontario on the King's Highway. 12 Mixed-Use Income Units: 9 Residential & 3 Commercial on a picturesque Main Street. Well-updated & proudly commanding a 75 ft generous frontage in the bustling downtown. Many modern updates including HVAC and large cement patio terrace in front w/ contemporary railings paid for and maintained by the town! Cool Tin ceiling & wood banister & heritage details add character in some areas of the buildings. Well-Updated & maintained units. These buildings are well managed by professional Management company who can stay on after you purchase. Turn Key Investment! A full basement houses mechanicals & has lots of storage for building maintenance. 10 yrs new furnace for Laundromat business. Commercial Tenants just renewed leases. On-site Property Manager! BONUS: Sale includes income from the only Public Laundromat Business in the vicinity including all machines- or you can sell the Laundry Business & Rent the space or rent the unit out for another type of business. Superintendent onsite in exchange for partial rent abatement. Separate Electrical Meters. Good Commercial tenants: Retail, Office. Excellent Turnkey Income generating! Fire retrofit. Income & Expense Sheet available. **** EXTRAS **** Furnace 10 years. Windows: 2016-2019. Common Area updated. Some Waterproofing/Repair to exterior '23. Cement Patio, Railings. Roof in good shape Steel w/Spray Foam. Sep Metres. Income & Expense Sheet available. (id:27910)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X7401576 |
| Property Type | Multi-family |
| Community Name | Colborne |
| Amenities Near By | Recreation |
| Parking Space Total | 12 |
Building
| Bathroom Total | 12 |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 0.357 Ac |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Recreation |
| Size Irregular | 75 X 167.22 Ft ; See Attachments |
| Size Total Text | 75 X 167.22 Ft ; See Attachments |
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June 13 2024 05:19:07
Durham Region Association of REALTORS®
Century 21 All-Pro Realty (1993) Ltd.