Active

33-39 KING STREET E

Cramahe (Colborne) Ontario, K0K1S0

C$2,435,000


Active

Residential

 Courtesy of RE/MAX JAZZ INC. 

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. (id:41202)

X9265679

MLS ID

December 16, 2024

Updated

Map

33-39 KING STREET E
Cramahe (Colborne) Ontario, K0K1S0

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard heaters

Exterior/Building Features

Other Property Details

Garage

No


View

No


Pool

No

Courtesy of RE/MAX JAZZ INC.

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