$2,435,000

33-39 King St E

Colborne, Cramahe, Ontario, K0K 1S0

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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!

Property Info
MLS®: X9265679
Listing Courtesy of RE/MAX JAZZ INC.
Total Bedrooms 0
Total Bathrooms 0
Floor Space 0 sq.ft.
Lot Size 12525 sq.ft.
Style other
Last Updated 2024-08-23
Property Type Investment
Listed Price $2,435,000
Unit Pricing $2,435,000/sq.ft.
Strata Fee $9192.00
Tax Estimate $16,311/Year
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