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Home ON Cramahe
33-39 KING STREET E
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33-39 KING STREET E $2,435,000
$2,435,000
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33-39 KING STREET E
Cramahe (Colborne), Ontario K0K1S0

MLS® Number: X9265679

Listing Description

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! **** EXTRAS **** 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. (36586774)

Location Description

King St E and Maybee Ln

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Colborne
Land Size
75 x 167 FT
Annual Property Taxes
$16,311.14
Time on REALTOR.ca
84 days

Building

Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)

Land

Lot Features
Frontage
75 ft
Land Depth
167 ft
Other Property Information
Zoning Description
Village Commercial (VC)
Data provided by: Central Lakes Association of REALTORS® Unit 5 - 1100 BENNETT Road, BOWMANVILLE, Ontario L1C 0Y7

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