33-39 King Street E, Cramahe, Ontario

$2,449,000

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12

Baths

15,682

Square feet

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

Amenities

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

Interior

Heating Elec Forced Air

Exterior

Lot Description 75.00x167.22 Feet

Additional Information

Date Last Updated July 14th, 2024
Zoning VC

Listing Details

OfficeCENTURY 21 ALL-PRO REALTY (1993) LTD.

Listing Map

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