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

12 Bathroom 0.357 ac
Partially Air Conditioned Forced Air

$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:47564)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X7401576
Property Type Multi-family
Community Name Colborne
AmenitiesNearBy Recreation
ParkingSpaceTotal 12

Building

BathroomTotal 12
CoolingType Partially Air Conditioned
HeatingFuel Electric
HeatingType Forced Air
SizeInterior 0.357 Ac
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Recreation
SizeDepth 167 Ft
SizeFrontage 75 Ft
SizeIrregular 75 X 167.22 Ft ; See Attachments
SizeTotalText 75 X 167.22 Ft ; See Attachments
ZoningDescription Vc

https://www.realtor.ca/real-estate/26418027/33-39-king-street-e-cramahe-colborne


CENTURY 21 ALL-PRO REALTY (1993) LTD.
365 Westwood Drive Unit 5
Cobourg, Ontario K9A 4M5

(905) 372-3355
(905) 372-4626
www.century21.ca/allprorealty

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