12
See all 12 photos
$1,950,000
Est. payment /mo
New
33-39 King ST E Cramahe, ON K0K 1S0
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Colborne
MLS Listing ID X12151705
Annual Tax Amount $16,100
Tax Year 2024
Property Sub-Type Investment
Property Description
Exceptional investment opportunity in a prime location! This nearly 10,000 sq ft mixed-use property features 9 residential and 3 commercial units, w 10 units currently tenanted. One vacant residential unit is just completing renos and will be quickly rented. One commercial unit currently being listed and will soon be rented. 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. 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 ~4 years, keeping rents competitive. An excellent opportunity to separate the laundromat and sell that business. Further utility separation could explode your NOI and offer a huge bump in valuation. Don't miss out on this rare opportunity! The seller is MOTIVATED so don't miss your opportunity to purchase this at 8.68 CAP mixed-use12plex! Motivated seller willing to bundle with 29 KING, 195 WLATON, and 221 WALTON for an improved overall price!
Location
Province ON
County Northumberland
Community Colborne
Area Northumberland
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 75.0
Lot Depth 167.0
Listed by RE/MAX JAZZ INC.