33-39 King Street E, Colborne in Cramahe, ON
This is a Multi-family Listing.
33-39 King Street E, Colborne in Cramahe
Brick Apartment Buildings. 12-Units total. A BIG 2024 Investment Opportunity. Mixed-Use Income Units: 9 Residential & 3 Commercial facing Quaint Downtown Main Street. Well-updated & proudly commanding a 75 ft swath of frontage in the bustling downtown & historic King Street E in Colborne, ON. Historic buildings have modern updates including large cement patio terrace in front w/ contemporary railings. Tin ceiling & wood banister & heritage details add character. Well-Updated & maintained sited on a large lot w/ so much parking. Full basement houses mechanicals, 10yrs new furnace & sep. meters + lots of storage. Well-tenanted (2 Res being re-rented.) BONUS! Sale includes solid income from the only Public Laundromat Business in the vicinity including all machines. Superintendent onsite in exchange for partial rent abatement. Separate Electrical Meters. Good Commercial tenants: Retail, Office. Excellent Turnkey Income generating! *Prof. Photos to Come* Fire retrofit/update in process. **** 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:6289)
$2,675,000
33-39 King Street E, Cramahe, Ontario
Essential Information
- MLS® #X7401576
- Price$2,675,000
- Bathrooms12.00
- Acres0.00
- TypeMulti-family
- Days on Website103
Amenities
- AmenitiesRecreation
- Parking Spaces12
Exterior
- Lot Description75 x 167.22 FT ; See Attachments
Community Information
- Address33-39 King Street E
- SubdivisionColborne
- CityCramahe
- Postal CodeK0K1S0
Interior
- CoolingPartially air conditioned
Listing Details
- Listing OfficeCENTURY 21 ALL-PRO REALTY (1993) LTD.