33-39 King Street East Cramahe, ON K0K 1S0
Listing Courtesy of: CREA - C21 Brokers / Century 21 All-Pro Realty (1993) Ltd.

  33-39 King Street East Cramahe, ON K0K 1S0

Active (160 Days)
$2,449,000

Description

Rare Value! Your chance to get into a stellar investment. Own these 12 Unit, well-tenanted, Mixed-Use Brick Apartment Buildings in Downtown Colborne. A premium location. Enjoy an appreciating asset in a growing town close to Toronto & on the 401/407 route. Own a big chunk of the Main Street with tons of parking & YOUR OWN LAUNDROMAT for additional passive income- the only one in the vicinity! Property is in fantastic condition and close to Lake Ontario on the King's Highway. 12 Mixed-Use Income Units: 9 Residential & 3 Commercial on a picturesque Main Street. Well-updated & proudly commanding a 75 ft generous frontage in the bustling downtown. Many modern updates including HVAC and large cement patio terrace in front w/ contemporary railings paid for and maintained by the town! Cool Tin ceiling & wood banister & heritage details add character in some areas of the buildings. Well-Updated & maintained units. These buildings are well managed by professional Management company who can stay on after you purchase. Turn Key Investment! A full basement houses mechanicals & has lots of storage for building maintenance. 10 yrs new furnace for Laundromat business. Commercial Tenants just renewed leases. On-site Property Manager! BONUS: Sale includes income from the only Public Laundromat Business in the vicinity including all machines- or you can sell the Laundry Business & Rent the space or rent the unit out for another type of business. Superintendent onsite in exchange for partial rent abatement. Separate Electrical Meters. Good Commercial tenants: Retail, Office. Excellent Turnkey Income generating! Fire retrofit. Income & Expense Sheet available. **** 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:42016)

MLS®:
X7401576
Type
Multifamily
County
Northumberland County

Listed By

Denise Eileen Liboiron, Century 21 All-Pro Realty (1993) Ltd.
Source
CREA - C21 Brokers
Last checked Jun 23 2024 at 2:05 PM EDT
Bathroom Details
  • Full Bathrooms: 12
Heating and Cooling
  • Electric
  • Forced Air
  • Partially Air Conditioned
Parking
  • Total: 12
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 13, 2024
Price Changed
$2,449,000
-6%
-150,000
May 22, 2024
Price Changed
$2,599,000
-3%
-76,000
Apr 15, 2024
Price Changed
$2,675,000
-4%
-125,000
Mar 06, 2024
Price Changed
$2,800,000
-7%
-200,000
Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 6/23/24 07:05