91 Division Street Cramahe, Ontario K0K 1S0

$699,900

FOURPLEX INVESTMENT OPPORTUNITY (Seller financing opportunity) for anyone looking to expand their portfolio or enter the rental market. Once known as The Grand Trunk Railway Hotel, this building has character and charm that cant be replicated. Seller is willing to consider a Vendor Take Back (VTB). The fourplex is divided into four distinct units, each with its own unique layout and appeal. Unit 1: A spacious 3-bdrm, 1-bath apartment. Unit 2: This unit offers 3 bedrooms and 3 bathrooms, including one full 4-piece bathroom and two additional 2-piece bathrooms. Unit 3: A cozy, yet functional, unit with 1 bdrm plus an additional bedroom and 1 bathroom. Unit 4: A bachelor pad with an additional large mudroom. Its an excellent way to capitalize on the growing demand for smaller, affordable living spaces. Each unit is metered separately for both hydro and gas, which makes it easier for the owner to manage utilities and for tenants to pay for their own consumption. This is a huge selling point for potential renters, as they have greater control over their costs, and it simplifies management for the investor. The large, private yard with mature trees adds further value to the property. The space offers a peaceful retreat for tenants, ideal for outdoor relaxation or hosting gatherings. Additionally, the building has received some updates, including a recently installed metal roof. This is a major advantage, as it minimizes future maintenance costs and gives the property a modern, durable feature .In summary, this fourplex is not just a building, its a property with history, character, and incredible potential. (id:59743)

Property Details

MLS® Number	X12048093
Property Type	Single Family
Community Name	Colborne
Features	Irregular Lot Size
Parking Space Total	4

Building

Bathroom Total	5
Bedrooms Above Ground	7
Bedrooms Below Ground	1
Bedrooms Total	8
Appliances	Water Heater, Dishwasher, Stove, Refrigerator
Basement Development	Unfinished
Basement Type	Partial (unfinished)
Construction Style Attachment	Detached
Exterior Finish	Vinyl Siding
Flooring Type	Laminate, Carpeted
Foundation Type	Unknown
Half Bath Total	1
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Type	House
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Septic System
Size Depth	198 Ft ,2 In
Size Frontage	78 Ft ,3 In
Size Irregular	78.3 X 198.21 Ft
Size Total Text	78.3 X 198.21 Ft|under 1/2 Acre

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom	4.63 m	2.41 m	4.63 m x 2.41 m
Second Level	Bedroom	4.03 m	3.61 m	4.03 m x 3.61 m
Second Level	Bedroom	4.56 m	2.86 m	4.56 m x 2.86 m
Second Level	Bedroom	3.43 m	2.36 m	3.43 m x 2.36 m
Third Level	Primary Bedroom	7.2 m	4.16 m	7.2 m x 4.16 m
Third Level	Primary Bedroom	5.68 m	2.99 m	5.68 m x 2.99 m
Main Level	Kitchen	4.89 m	3.58 m	4.89 m x 3.58 m
Main Level	Kitchen	5.11 m	2.8 m	5.11 m x 2.8 m
Main Level	Living Room	5.1 m	4.09 m	5.1 m x 4.09 m
Main Level	Bedroom	3.83 m	3.69 m	3.83 m x 3.69 m
Main Level	Den	5.16 m	3.22 m	5.16 m x 3.22 m
Main Level	Living Room	4.91 m	4.81 m	4.91 m x 4.81 m
Main Level	Kitchen	4.05 m	2.85 m	4.05 m x 2.85 m
Main Level	Living Room	5.12 m	4.8 m	5.12 m x 4.8 m
Main Level	Kitchen	3.46 m	2.38 m	3.46 m x 2.38 m
Main Level	Dining Room	4.93 m	1.84 m	4.93 m x 1.84 m
Main Level	Living Room	4.93 m	4.7 m	4.93 m x 4.7 m

https://www.realtor.ca/real-estate/28088711/91-division-street-cramahe-colborne-colborne