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:56069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X9265679 |
| Property Type | Multi-family |
| Community Name | Colborne |
| Heating Type | Baseboard Heaters |
| Size Interior | 0.36 Acres |
| Type | Multi-family |
| Utility Water | Municipal Water |
| 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
Contact us for more information
Anita Bongers-Lewis
Broker
(905) 728-1600
(905) 436-1745
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