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

$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:59743)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

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

Building

Heating Type	Baseboard Heaters
Size Interior	0.36 Acres
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	167 Ft
Size Frontage	75 Ft
Size Irregular	75 X 167 Ft
Size Total Text	75 X 167 Ft
Zoning Description	Village Commercial (vc)

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