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

$2,435,000

ID# X9265679
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:58777)

CONTACT US FOR MORE INFO

OFFICE: (613) 966-6060

Courtesy of RE/MAX JAZZ INC.

Listed on: August 22, 2024

On market: 91 days
Heating Type Baseboard heaters
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DAVIES & CO.

REAL ESTATE TEAM

LICENSED REALTORS®


DIRECT: 613-707-4812

daviesandcompany@royallepage.ca

Royal LePage ProAlliance Realty, Brokerage - 357 Front Street, Belleville, ON K8N 2Z9 | OFFICE: 613.966.6060

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