• 411 Canada/
• Real Estate/
• Ontario/
• Cramahe/
• Colborne/

• 33-39 King St E, Cramahe, ON K0K 1S0

$2,435,000 ^{FOR SALE}

Investment

Lot: 75 x 167 ftTotal Area: 0.36 acres
2023 Taxes: $16,311.14Maintenance Fees: $9,192

33-39 King St E
Cramahe, ON K0K 1S0 | Colborne | Northumberland

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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!

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.

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Listed By	RE/MAX JAZZ INC.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X9265679
Last Updated	Aug 23, 2024

Property Summary

Property Type	Investment More like this: Cramahe Investment for Sale
Use	Apartments - 6 to 12 Units
Category	Apartment
PIN	511410412
Occupancy	Tenant
Possession Date	FLEXIBLE
Taxes (2023)	$16,311.14
Tax Type	Annual
Maintenance Fees	$9,192
Directions/Cross Streets	King St E and Maybee Ln
Neighbourhood	Colborne
Area	Northumberland

Price History

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Detailed Information

Freestanding	Y
Lot	75 x 167 ft
Total Area	0.36 acres
Air Conditioning	N
Garage Type	None
Heat Type	Baseboard
Financial Statement	N
Gross Income/Sales	$237,843
Net Income Before Debt	$161,179
Hydro Expense	$7,184
Water Expense	$8,425
Heat Expenses	$3,131
Insurance Expense	$10,198
Management Expense	$14,707
Operating Expenses	$71,148
Other Expenses	$2,000
Year Expenses	$2,023
Expenses Actual/Estimated	Est
Utilities	Y
Water	Municipal
Lot/Bldg/Unit Code	Lot
Zoning	Village Commercial (VC)
Seller Property Info Statement	N

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