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

$1,950,000

Exceptional investment opportunity in a prime location! This nearly 10,000 sq ft mixed-use property features 9 residential and 3 commercial units, w 10 units currently tenanted. One vacant residential unit is just completing renos and will be quickly rented. One commercial unit currently being listed and will soon be rented. 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. 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 ~4 years, keeping rents competitive. 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. Don't miss out on this rare opportunity! The seller is MOTIVATED so don't miss your opportunity to purchase this at 8.68 CAP mixed-use12plex! Motivated seller willing to bundle with 29 KING, 195 WLATON, and 221 WALTON for an improved overall price! (id:59743)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12151705
Property Type	Multi-family
Community Name	Colborne

Building

Appliances	Dryer, Stove, Washer, Refrigerator
Heating Type	Baseboard Heaters
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/28319391/33-39-king-street-e-cramahe-colborne-colborne