33-39 King Street E, Cramahe, Ontario


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About 33-39 King Street E

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.

Features of 33-39 King Street E

MLS® # X7401576
Price $2,449,000
Bathrooms 12.00
Square Footage 15,682
Type Commercial Sale
Sub-Type Investment
Status A

Community Information

Address 33-39 King Street E
Area Northumberland
Subdivision Colborne
City Cramahe
Province Ontario
Postal Code K0K 1S0


Utilities Y
Features 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.
Parking Spaces 12
Garages None


Heating Elec Forced Air


Lot Description 75.00x167.22 Feet

Additional Information

Date Last Updated July 14th, 2024
Zoning VC

Listing Details


Listing Map

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