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33-39 King Street E Cramahe (Colborne), Ontario K0K 1S0

0.36 ac
Baseboard Heaters

$2,435,000

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:28587)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X9265679
Property Type Multi-family
Community Name Colborne

Building

HeatingType Baseboard Heaters
SizeInterior 0.36 Ac
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 167 Ft
SizeFrontage 75 Ft
SizeIrregular 75 X 167 Ft
SizeTotalText 75 X 167 Ft
ZoningDescription Village Commercial (vc)

https://www.realtor.ca/real-estate/27321095/33-39-king-street-e-cramahe-colborne-colborne

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Anita Bongers-Lewis
Broker


RE/MAX Jazz Inc.
21 Drew St
Oshawa, Ontario L1H 4Z7

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