Growth Opportunity in Ramara Township Bordering Kawartha Lakes!\r\n\r\nLocated at the corner of Monk Rd and Rama Dalton Boundary Rd, this property offers exceptional exposure for your business. Enjoy the convenience of living and working in the same location, with a potential annual positive cash flow of $9,000 with 100% financing at a 5.5% mortgage interest rate over a 30-year amortization. The owner is willing to consider a second mortgage take-back for qualified buyers.\r\n\r\nThis mixed-use property is currently zoned for both commercial and residential use, offering significant upside potential. The property is a commercial residential duplex with four income-generating units, a coin laundry room, a large rented garage, and outdoor parking lot storage. Additionally, there is a large green space for both commercial and residential tenants to enjoy.\r\n\r\nRecent extensive upgrades relieve the pressure on the new buyer, including a new roof, siding, windows, fascia, soffit, and gutters. All residential units have been upgraded in the past two years, with three units featuring new kitchens, flooring, lighting, bathroom fixtures, and fresh paint. This property consistently generates income with ample room for expansion. There is potential to add storage rental units, a commercial building/shop, or additional residential units. (id:47423)
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Detailed Information
Bedrooms
9
Bathrooms
4
Lot
167 x 157 ft
Features
Laundry- Coin operated, Sump Pump
Listing Contract Date
2024-08-23
Location Description
highway 11 north merge south Highway 12 turn left Rama Rd , turn right Monck Rd. corner of Monck Rd and Rama Dalton Boundary Rd
# of Parking Spaces
20
Property Type
Business
Structures
Deck, Workshop
Transaction Type
For sale
Zoning Description
C3
Building
Amenities
Separate Heating Controls
Appliances
Dryer, Microwave, Refrigerator, Stove, Washer
Basement Development
Unfinished
Basement Features
Separate entrance
Basement Type
N/A (Unfinished)
Exterior Finish
Concrete, Vinyl siding
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
Unit=167 x 157 FT | 1/2 - 1.99 acres
Access Type
Year-round access
Fence Type
Fenced yard
Sewer
Septic System
Size of Irregular Land
Unit=167 x 157 FT
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